‼️ BMS or BOS (Break of Market Structure) occurs when the price closes above / below a swing high/low, generally, every trader should trade in the direction of the Higher Time Frame BMS. NOTES: AFTER BMS ALWAYS WAIT FOR RETRACEMENT.
‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines....
Here we have an example of AMD (accumulation-manipulation-distribution), after that the price rejected from the OB (Order block) H4 and took out the PDL (Previous Daily Low), so I expect the price to go up. Also, on a HTF (Higher Timeframe) we are on the bullish market structure.
I expect the price to go down because on a HTF (Higher timeframe) we are in the bearish market structure, the price mitigated the OB (Order block) H4 and closed the imbalance, also the PDH (Previous Daily High) was taken.