Greetings Traders!
Brief Description🖊️:
Currently, on US30USD, I see the potential for a shift into bearish order flow. Price is at premium levels, indicating a possible sell-off from the bearish order block.
Market Analysis📉:
We have observed a bullish narrative throughout the week, with price reaching bullish objectives, including the bearish order block. For a detailed analysis, refer to the linked post:
Things We Have Seen👀:
Bearish Targets📉:
What's Important Now❗:
This potential move could coincide with tomorrow’s NFP release. If the order block holds, we may see bearish momentum. If not, continued bullishness is likely.
Best Regards,
The_Architect
Brief Description🖊️:
Currently, on US30USD, I see the potential for a shift into bearish order flow. Price is at premium levels, indicating a possible sell-off from the bearish order block.
Market Analysis📉:
We have observed a bullish narrative throughout the week, with price reaching bullish objectives, including the bearish order block. For a detailed analysis, refer to the linked post:
Things We Have Seen👀:
- This week’s bullish price action filled the liquidity void and tapped into the bearish order block.
- Now, I am looking for confirmations that the order block will hold and if it does this will indicate bearish price action.
Bearish Targets📉:
- The engineered trendline liquidity with sell stops.
- Main draw: Daily sell stops.
What's Important Now❗:
This potential move could coincide with tomorrow’s NFP release. If the order block holds, we may see bearish momentum. If not, continued bullishness is likely.
Best Regards,
The_Architect
Note
Long-Term Bearish Perspective on the Indices using Smart Money Divergence.Refer:
Kind Regards,
The_Architect
Note
June 10, 2024: US Indices Weekly Forecast: Top Trading Strategies Revealed!Refer:
Happy Trading,
The_Architect
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.