Mitigation
CADCHF 30M - LONGPrices taps into a weekly POI, gave us a shift in structure on the H8 timeframe establishing a new trading range for us to work with.
Now, we can get involved with the H8 timeframe's trading range instead of working the entire weekly range which is too huge. Wait for confirmations onto demand areas to get involved in BUYS.
XAUUSD H4 - LONGPrices left behind a 2 demand areas for us to get involved.
No, we do NOT place a buy limit order just like this. Instead, we wait for confirmations and a new range to appear, before looking for buy opportunities.
What do I mean by creating a new range? If we start to see a HTF Break of structure, like the H1 or the H4, we can trade them using the 5m-15m confirmations.
Simplifying Order FlowThis chart analysis shows you the power of order flow using two main things:
OB - Order Blocks
BOS - Break of Structure
If you can determine a trend utilising impulse and correction, you can almost always ride the wave by scaling in positions using this method.
First, determine your trend and then wait for a break of structure of a low/high.
In this example, we are in a bearish market so we are anticipating a break of a low before we can draw up our order block.
Once we get a break we can mark the OB that created the break and then wait for demand at a later date for sells.
IF the price gets too far away from the OB and looks like it isn't going to return to that point, we can move on to the next BOS and OB.
Note: This does not always mean that price won't return but we can still capitalise on the short term moves.
I have left an example of what could potentially happen next, although I am doubtful because the trend looks like it is coming to an end.
Please take a moment to like and comment on this post!
XAUUSD Trade Idea November 2, 2021Price made a draw on liquidity below the areas highlighted in grey, hence I'm now expecting a return to the institutional candle highlighted in yellow as the large players have to mitigate (close) those sell positions opened in order to continue in their buy positions. My buy limit entry will be set at the 50% mark of that bullish order block as price is expected to rally upwards from that point.
EURCHF 15M - LONGPrices broke out of structure on the H4, leaving behind demand areas to work with. Currently gave us a shift in structure on the 15m, you could have a risk entry upon limit order. Otherwise, confirm the demand areas and wait for the bullish structure to formulate before taking continuation BUYS.