I am expecting price to raid the buyside liquidity resting above the previous week high. This area coincides with a Bearish Order Block (OB) that I have marked as the ideal zone for price to reverse from.
Execution Outlook:
Bias: Bearish
Short-Term Expectation: Price to push higher to raid buyside liquidity and tap into the OB.
Trigger Zone: OB above the 50% level – this is where I expect the reversal.
Target: Sell-side liquidity below the recent swing lows (~142.200 area).
Invalidation: A clean break and close above the OB would invalidate the bearish idea.
Execution Outlook:
Bias: Bearish
Short-Term Expectation: Price to push higher to raid buyside liquidity and tap into the OB.
Trigger Zone: OB above the 50% level – this is where I expect the reversal.
Target: Sell-side liquidity below the recent swing lows (~142.200 area).
Invalidation: A clean break and close above the OB would invalidate the bearish idea.
Note
Price has just swept above the BSL I marked as an inducement and is now at my bearish order block. You can wait for confirmation to enter a short position if you choose to trade it
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.