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.
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.