AUD/NZD: High-Vol Trendchannel breakAUD/NZD: High-Vol Trendchannel break
> month-long trendchannel broken to the downside
> Double top formation with first lower high inside of broken channel
> POC above current PX
> countertrend broken
> weekly high 2x rejected
> daily lows about to break
> little volume on way to tp
BOS
EUR/NZD: Bearish signs are increasingEUR/NZD: Bearish signs are increasing
> Double-top in the daily and H4 timeframes
> possible break of structure with current H4 candle
> first lower high and lower low outside of the upward trend shows change of sequence
> POC above current price levels
> Head and Shoulder formation
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Meikel & Team WSI
EURGBP H4 SELL >>>>EURGBP Has Created A Huge Liquidity Pool Which the Market Should Needs to Grab. Above This Liquidity Pool there is A Strong H4 ORDER BLOCK AREA From Where we would see A Strong Selling Pressure . There is also Liquidity Under 3 Equal Lows so That's Why There are Many Confluences For This Sell Trade
CHOCH vs BOS ‼️WHAT IS BOS ?
BOS - break of strucuture. I will use market structure bullish or bearish to understand if the institutions are buying or selling a financial asset.
To spot a bullish / bearish market structure we should see a higher highs and higher lows and viceversa, to spot the continuation of the bullish market structure we should see bullish price action above the last old high in the structure this is the BOS.
BOS for me is a confirmation that price will go higher after the retracement and we are still in a bullish move
WHAT IS CHOCH?
CHOCH - change of character. Also known as reversal, when the price fails to make a new higher high or lower low, then the price broke the structure and continue in other direction.
AUD/CAD: High Volume Break of Structure | ShortAUD/CAD: High Volume Break of Structure | Short
> first lower low outside of structure
> POC above current price levels
> downward trend established
- Major Re-Test completed
> Very high Shadow, indicating major Bank SL-fisihing
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Meikel & Team WSI
ORDERFLOW & LIQUIDITYPlease like, share & comment on my educational post.
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After a BOS we expect price to pullback and
mitigate a significant zone in the previous
range before continuing
to break structure again.
If we do not get this mitigation it is likely that the
high/low that failed to mitigate will become liquidity.