📌Structure: Friday Mit that ob and price reacts with a Bullish impulse
📌Liq and POI: Price has obviously rebalanced that SS inefficiency and cleared the SSL into the OB
Follow up post for a closer look.
📌 Structure: External swing is bullish and this is a possible expansion leg after the retracement
📌Liq and POI: On daily TF, we have fulfilled all visible SSL indicated as "Mit" for Mitigated.
As for POI, we just Mit a FVG that should move price for a bullish run.
If the weekly TF has filled its imbalance, will that be a sufficient reason to anticipate that the daily FVG within an OB will be overlooked by price?
📌 Structure: 1hr TF switching Bullish
📌 Liq: Previous swing's SSL cleared
📌 POI: Circled Imbalance
The Mit (mitigated) FVG on weekly TF looks like this on the daily TF
📌 Daily TF POI: fvg+ob
📌Will the OB do or price will fill into the FVG's imbalance?
I'll want to look out for a LTF trend switch at least to confirm that.
A look at the weekly TF suggestions a potential bullish run for Monday.
📌 Structure: 1hr TF already created a ChoCh as price mitigates the weekly FVG suggesting a Bullish switch
📌Liq: weekly TF FVG/IMB mitigated
📌 POI: 1hr TF FVGs
Follow up post on this on 1hr TF and likely a look into the 5min TF.
If DXY is having a reason to begin a Bullish run, hitting a daily TF Bullish OB has given it the reason to.
This should suggest a Bearish run for foreign pairs that are inversely correlated.
EU has come to a possible turning point on the daily TF.
📌Price went through Accumulation
📌 Price cleared some BSL on LTF and breaks structure downwards
Will this suggest a possible reversal or price will clear the HTF BSL up, taps into those POIs and reverse or continue?🤔
Bias: Structurally, EU looks bearish.
If you're a trend follower, as that is actually considered more Conservative Trading approach,
EU has got some Bullish PD Arrays to complement a bullish bias.
Illustrations given on chart.
Success to all.🍾
📌Structure: Internal structure (to the right-current price actions) is bullish but price is approaching bearish levels in external structure (to the left)
📌LIQ: 15m EQHs
📌POI: Multiple Levels (A partly mitigated OB, a FVG and another OB)
Note: I'm no considering the mitigationed OB
Also: Divided risk is ideal for both levels of entry (maybe even with a...
Here's a review of yesterday's price delivery on EURUSD:
💲Price traded last the first OB level I marked yesterday in my analysis (lower)
💲I missed the upper OB which should have been used for divided risk together with the lower
📌Key lessons
One: Always look to the left and zoom into other TFs to be sure your POI has no Unmitigated levels (OBs and FVGs) or...
Though these levels seem far, the bullish arrays below might sponsor the move to the Bearish Arrays for a shorting opportunity.
However, this is a counter trend idea as EU is still bullish generally.
There are no Liquidities resting nearby, thus the chance that price would go beyond the level up is unlikely except for its continued bullish expansion.
Checklist...
With price engineering liquidity through the current channel followed by an Accumulation,
Here's a possible AMD setup (Accumulation, Manipulation and Distribution).
Checklist for setup:
★Liquidity: SSL
★POI: Two possible 15m levels (I'd divide risk)
DOL: BSL (up. See follow up post).
Success to all.👊🏼
First entry level (deleted) was taken out as price mitigated deeper into the 1hr ob.
Even though, the second entry level was at the top of the swing, news volatility drove past it by 1.8pipets.
It is always safer to place SL at swing points (that do not have Liquidities or Unmitigated levels resting above—Bearish structure or below— Bullish structure them...
