Greetings, Traders,
Brief Description🖊️:
At the moment, I am seeing a potential draw towards minor bullish objectives, specifically the H4 buy stops, and a movement towards the institutional resistance point (reclaimed order block) to fully fill the daily timeframe FVG. This point is also aligned with a liquidity void, indicating a price inefficiency that may be filled in the future, adding more confluence to the possibility of reaching the reclaimed order block (institutional resistance zone).
Things I Have Seenđź‘€:
Liquidity Engineering🔄: Yesterday, smart money engineered liquidity using a support zone, which was established to attract retail investments. These investments were manipulated so that smart money could buy against the liquidity presented as stop losses below the support zone, using those stop losses as willing sellers.
Current Price Actionđź’ą: The price may be supported by the order block. Upon confirmation on the lower timeframes, I will look to buy at that order block and continue doing so as a day trader until both objectives are reached.
Kind Regards,
The_Architect
Brief Description🖊️:
At the moment, I am seeing a potential draw towards minor bullish objectives, specifically the H4 buy stops, and a movement towards the institutional resistance point (reclaimed order block) to fully fill the daily timeframe FVG. This point is also aligned with a liquidity void, indicating a price inefficiency that may be filled in the future, adding more confluence to the possibility of reaching the reclaimed order block (institutional resistance zone).
Things I Have Seenđź‘€:
Liquidity Engineering🔄: Yesterday, smart money engineered liquidity using a support zone, which was established to attract retail investments. These investments were manipulated so that smart money could buy against the liquidity presented as stop losses below the support zone, using those stop losses as willing sellers.
Current Price Actionđź’ą: The price may be supported by the order block. Upon confirmation on the lower timeframes, I will look to buy at that order block and continue doing so as a day trader until both objectives are reached.
Kind Regards,
The_Architect
Trade closed: target reached
Tp Hit=4RConfirmation Entry: 1min MSS shift & order block alignment
Comment: Price did not respect the order block but instead pushed lower as to take the sell stops, the draw to the upside is still valid. Therefore after confirmation I looked to enter a buy against those sell stops. I will look to continue this narrative upon confirmation tomorrow.
Refer:
Best Regards,
The_Architect
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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.