Analysis break down A Shift in Market Struture/ CHoCH is identified on the 4H. Price has retraced back into the premium zone. A breaker block and a FVG mitigated.
Hi, folks, I posted a setup on GBPUSD yesterday. The first FVG did not hold but the second did. Refer to my yesterdays post for other details. Do apply good risk management.
I expect the price to drop to my FVG as indicated by the arrow. But, an OB has been marked above the FVG and so be very careful. I can also see a BOS/CHoCH/Market shift and lastly liquidity in the form of equal lows being accumulated.
The price has mitigated the 1H FVG with a valid BOS. I expect the price to drop to the newly FVG and rise.
I expect the price to retraces to the M30 FVG and rise. 300 to 500 points projected
I Expect price to make a drop to catch the Asian Liquidity and make a rise. 300 to 500 point projected.
Price expected to spike up so as to grab my first identified liquidity after the NY 9:30 opening and drop to the M15 demand zone there by inducing traders. From there a rise to the M15 Supply to make the actual drop. My View. Your input for further analysis.