We are seeing price liquidating the equal lows before reacting off our POI - at 4HR and 8HR order block. The 50% of the 4HR IMB lines up precisely with the open of the OB candle, giving us confluence for a buy side reaction from the level.
We are creating vast liquidity to the upside and last weeks CAD news has created a huge imbalance void of market inefficiency to mitigate. We are looking for one more liquidity purge to the downside and a buy side reaction from our POI - 15M & 1HR OB with minor IMB. The liquidity to the upside could fuel an initial impulsive move and trap sellers in their positions.
We are building great liquidity to the upside during this relatively weak bearish move (formation of bearish trend line). We are looking to take a long on the 50% fulfilment of the 1HR OB which broke market structure to the upside.
Classic 15M Wyckoff accumulation taking place within our POI - the daily order block. We have had a BOS to the upside which has confirmed the schematic, so we can consider taking longs off the OB mitigation levels.
Please see the labelled chart for our analysis behind this trade.
We are looking for price to liquidate structure and equal lows before entering our 4HR POI - price equilibrium. We will look for a LTF BOS or accumulation for our entry confirmation. We are mindful of the 4HR IMB sat below our zone.
Price has been manipulating early buyers out of their positions. We are looking for price to liquidate the equal lows before reacting off the hourly order block and large 15M IMB void.
Were looking for shorts from the test of the 5M order block created during the UTAD of the 15M redistribution schematic. Once mitigation occurs, we may see a sell off until we reach our POI - 8HR OB. Within this order block we have refined our buy entry to a 15M OB which was the catalyst to HTF BOS which created an inefficient mark up price - leaving large...
This is a pair we are watching closely this week. The 1D OB region acts a strong demand zone due to a LTF (5M) accumulation causing an impulsive mark-up last time price consolidated in the zone. We have reacted nicely off the order block region and some large positions have been mitigated. We are currently printing what seems to be a 15M accumulation, which has...
Now price has travelled below previous structure, we can look to go long as we enter discount pricing and have vast areas of inefficiency to mitigate. We have refined entry down to 1M, 5M and 15M OBs and areas of IMB.
We are looking to buy this pair as it approached an unmitigated hourly OB which acts as a strong demand zone.
We will be looking to buy this pair once more liquidity has been gathered underneath daily lows. Price has never wicked below the support region. We will be taking the buy from 15M OB once price has mitigated its inefficiency around the demand area.
Trade update from our long position this morning for members. We've had a nice reaction our of our OB underneath structure to trap sellers in their positions. Looking to take out liquidity to the upside.
Looking like a 5 min redistribution inside of a 15 min redistribution. We have taken out liquidity to the upside, on a BOS we could see further downside momentum.
Position planning for the week ahead on GBPAUD using our strategy.
We could see more liquidity hunted before price reacts downwards from an untested and unmitigated long term order block and area of price inefficiency. This move could be representative of a larger schematic development.