We are in a deep premium on htf and ltf so makes sense for price to want to return to a discount. Also price recently proke a support level and will retrace for a better selling price to reach for the buy side liquidity lows.
I see fiber continue to be bearish. It is reaching for long term liquidity and equal lows from the past. Also, recently a large move was created but it left a large wick. Price will want to reach lower to clear this wick. Also, on my 60 length moving average, price will return back touch the trend. And when it does, that price is above the 62% fib level and...
I have been on a bearish bias for fiber for quite some time. I see the higher timeframes want to reach for liquidity. For this week I see EUR/USD bearish and this scalp is one that should be valid. Price took the buy side liquidity earlier while also forming a bearish order block. I then went on a lower time frame at the bearish order block that was form and saw...
We have been seeing fiber move with great bearish momentum throughout the past few days. I still see that momentum wants to continue downward. When price swings happen, they usually moving in legs of 2, which are usually the same length. This first swing down happened, and then there was the retracement that returned to a past support level that now acts as a...
Moving averages show interest in prices lower, as well as the HTF showing past lows being violated. Price also just moved from a big 000 level and will go lower ultimately around 1.16500. Price will hopefully violate bearish order block(also an optimal trade entry with fib) and continue to go lower breaking the equal lows.
Price also will want to do a symmetric leg lower
Price previously just hit a weekly Premium array which was a bearish orderblock around 110.400 big figure. The algorithm likes to return to easy even numbers. Since we moved from a weekly, I will look to be bearish on the daily and 4HR and look for PD arrays in those timeframes to see price go to. On the daily, we saw that price was very bullish today as it went...
Wanted to document a long I am going to place tonight at London Open using the CBDR(central bank daily range), PD arrays, and moving averages. Will take this trade after seeing a judas swing around 0 GMT to London open, and execute on 15 to 30 min TF.
Price moves from a premium to a discount and vice versa. So we see price move from a HTF discount array and that it is still in the discount boundaries which we found by using a fib from the high and low of the consolidation in the 4HR time frame. Since we are moving from a HTF discount and are still in a discount, we will look for price to reach a premium and be...
Price moves from a premium to a discount and vice versa so by using HTF PD arrays, I am following what smart money and the algorithm is doing. I see fiber being bearish up until the middle of the week to fill in a daily discount array but then price looks like it will continue to be bullish. My 2 moving averages also support this (9 and 18) as the 9 is about to be...
