RemzyFX

RemzyFX

Price is clearly in a downtrend and it is retracing to a 1HR OB. Price never took out the low and created a lot of liquidity inside the large range. I am expecting price to drop from one of these 2 zones. I will be keeping an eye on lower time frame price action once price taps these zones.

RemzyFX Updated 

This is my analysis on GU. We took buy side liquidity and then broke structure to the downside. Waiting for price retrace back up into a 30 minute order block with a 15M imbalance inside of it and liquidity resting right below it. Will scale down to lower timeframe 1-5M and see what price action does from this zone.

RemzyFX

This is what I'm waiting to see on this pair. it is currently making lower lows and lower highs. Waiting for price to mitigate that order block with liquidity resting right below it. Then wait for lower time frame confirmation and I think price will continue lower to fill the FVG on the daily time frame. What do you think?

RemzyFX Updated 

We are currently bearish on the daily timeframe and price just came into a very strong resistance level/order block with the daily stochastic RSI in the way overbought territory. I am in on shorts from 1.27500 and looking to hold it unless price says otherwise.

RemzyFX

Overall on the higher timeframes, we are bearish. I will be looking for sells in this POI and waiting for price action to change on the lower timeframes before entering a trade. What are your thoughts?

RemzyFX Updated 

LONG THEN SHORT. USD/JPY is making lower lows and lower highs. There is a FVG @147.600 area that will most likely get filled with heavy resistance right above where I am expecting price to drop and take out the low.

RemzyFX

This pair is currently making lower lows and lower highs and I am waiting for price to pull back into the 50-60% fibb. From this area I would look for an entry with lower time frame confirmation and ride it back down to the low. Don't enter blindly and wait for confirmation.