CME_MINI:ES1! just completed a 50% retracement. Bounced right off the 50% line and retraced to a bearish 1H order block. Tapped the 50% line of the OB twice. Now looking for price to sweep sell-side liquidity and dig into bullish order block. Short term bearish....
Potential pivot zone for AUD futures in a weekly FVG with shift in market structure to upside and retest of lows on CPI data. Looking for 50% retracement of the recent 1H down leg. Take profits at the 1H FVG ahead of the 50% level. This coincides with the E-mini retracing after shift in market structure to the downside.
A monthly 50% retracement has been acquired as delineated by the Weekly swing low. (Please go back and check your charts for this). My long-term bias is now long. I am now looking for a retracement below the 50% level to a draw on liquidity, which may be the Daily Void area and/or the previous swing high before the run up to recent 4H highs. I do not see price...
AUD/USD just had a strong dump after breaking 4H structure to the upside. I see that as a pullback to an order bloc zone. The one I was looking at was a 5 minute bloc. Price held structure and wicked out on most timeframes after bouncing exactly off of the previous 5 min bloc. I got a late entry cuz I wasn't in front of my chart. But I still have a 20 pip...
Break of recent 4 hour highs. Now retracing to un-mitigated bloc near initial run up on news. Entered short after consolidation, stop hunt and bloc fill on 15 min chart within increased liquidity Asian session. I anticipate the Aussie employment news on Wednesday will trigger the next bloc fill near my target. Then looking for longs to break to new 4 hour highs....
Break and retest of lower timeframe triangle pattern within a horizontal channel. Break below horizontal channel will confirm bearish trend on lower timeframes (1H and below). I have weekly timeframe on a bullish bounce from recent swing low. Currently looking for pullback to downside for liquidity grabs before the continuation to the upside to next weekly area...
Break of structure to upside after higher low. I"m long AUD/USD to the next weekly or hourly 'order block' areas. I anticipate these areas for a likely next pivot to the downside.