FX_ArteezZ

FX_ArteezZ

Price is now reacting off the last 4H demand and forming corrective pullback. The way price move back up is corrective and we can see there are multiple large wick to upside, indicating strong bearish pressure. We may see price to go lower in the near future.

FX_ArteezZ

Most recent bearish impulsive move after price failed to put in a new HH is a sign of bearish intention. Price is now forming a corrective pullback, it may continue bearish without coming back to mitigates the major supply as supply is already having the control.

FX_ArteezZ

In 1H&15mTF, price clearly show a sweep of BSL and a respect to the high of IFC, major demand failed to put in a new HH, confirmed failed reaction, price may now give a pullback to any supply above and continue bearish. Price is not necessary to mitigates anything in this case to continue lower, as long as price turn bearish from here I’m allowed to take short.

FX_ArteezZ

In dailyTF it's clear that price is showing ascending nature, price break and retrace immediately indicating insufficient bullish momentum. Recently, price taken out the strong low, low of IFC, and closed below, indicating a bearish intention.

FX_ArteezZ

Price just taken out the daily structural low, the way price move down is very impulsive, indicating a strong bearish momentum, the bearish intention is overwhelming. Why I don't think this is a LQD to SSL to continue higher? The reason behind this is because the COST. Just imagine, how many sell orders BFIs need to push price this far (>350pips). If they...

FX_ArteezZ

4H distribution found with a significant sweep before the strong bearish move, my directional bias is now bearish.

FX_ArteezZ

It's clear that supply and demand is now having an intensive battle, it's best to stay away and let the market to decide the winner. If price sweep the BSL and immediately reverse and gives a significant bearish CHoCH, I will be happy to look for short, else I will wait.

FX_ArteezZ Updated 

Price is reacting off the major supply 15 LQ POI from the left, and we get a bearish CHoCH and a significant D2S flip, at the moment I'm favoring short especially if price pullback up to mitigates deeper part of the refined 15m D2S. However, if price decide to move down from here I will be looking for continuation short too and target the weak low.

FX_ArteezZ Updated 

15m price has now turn back into bearish, although 4H the market is showing bullish bias, I will be willing to wait for further confirmation for Long, at least until the 15m major supply above fail. At current moment, price has formed a supply chain which might get used as LQ for London BFIs, kicks in to exchange their orders for short.

FX_ArteezZ

Price is now reacting off a CPB, price could continue lower from here or to form a temporary pullback. As AU today is holiday, no volume during Asia session, wait for London momentum to kick in to confirm the session’s directional bias.

FX_ArteezZ Updated 

Although 4H is in bearish OF, supply has taken back control but we may consider this 4H bearish move as a daily pullback. Price has now sweep the structural LQ from the left and formed demand chain. Recently, 15m shows a bullish impulsive move too, although price may continue to push lower, it's best to wait for 15m to turn back into bearish in order for short. At...

FX_ArteezZ Updated 

From the most recent PA, we can see a swept to both BSL and SSL, we can argue that the sweep of BSL is to move the price down to grab more SSL in order to refuel the bullish momentum. From the prevailing trend and momentum, it's suggesting that price is bullish, and currently there isn't sufficient evidence to convince me that price wants to reverse or turn...

FX_ArteezZ

Price tried to put in a new HH after taken out the previous daily high, but in 15mTF we can clearly see price has insufficient bullish momentum to put in a new HH, instead it failed, now supply has taken back control, I will be favoring short atm until price taken out significant SSL or turn back into bullish.

FX_ArteezZ

Price taken out the EQH from the left and immediately gives a bearish CHoCH, price is reacting off the 15m demand (FOMC candle), let see how price react to the supply, there is a potential Long if price showing respect to the supply, and it will probably be a big one as price hasn't give a decent daily pullback for so long.

FX_ArteezZ

Although price didn't make it to the demand below but it do takes out the IRL from the left, which completed the job to go bearish (as major pullback), if price take out this high, it's considered price respected the low, so we may look for Long and target the weak high.

FX_ArteezZ Updated 

As expected, price swept the EQL, however it didn't give a bullish CHoCH right after the swept, instead price continue lower with strong bearish impulsive move, indicating a bearish intention. Based on price is reacting off the 4H extreme supply from the left and price has now turned into bearish, I expect price to take out significant SSL before continuing...

FX_ArteezZ Updated 

Atm, I don't expect price to pullback all the way down to this 4H decisional demand as price is bullish pressure is still strong until it take out the daily structural high from the left as LQ. Price may continue higher if it takes out the EQL (obvious in 15m) and give a bullish CHoCH to continue higher. Unless, supply take back control from here and shows me...

FX_ArteezZ

Aggressive up move to take out the BSL from the left (ERL) and retrace with strong bearish momentum (V-shape recovery), a sign of Liquidation. Wyckoff Confluence: Impulsive move after ascending nature, a sign of buying climax, and price is retracing now, no convincing follow through, this could be a swept. Let see if the supply hold, wait for a respect for...