Plan to take shorts on USDCHF Confluences: - HTF bearish trend - level of inducement before the OB -Nice engulfing candle at OB shows = volume -Expect price to head to the weekly demand before reversing -HTF liquidity still yet to be grabbed
Price has come into my POI TO enter this trade I Used HTF analysis and then waited for my lower TF confirmations which I have received before entering the trade!!!!
I have been waiting for GU to come to a POI that I have drew sometime ago and i have finally got the reaction off the level that I wanted. We got a nice reactiong of a 4H demand level and scaled to the lower timeframes and waited for an entry
- Price approaching clean level of supply -price is clearing all bayside liquidity - sell side liquidity remains -Bearish MS however price can disrespect supply and head to the OB in the level above
-Price has reacted off a higher timeframe supply -LTF demand zone has failed -LTF change of character -Lower timeframe imbalance
- HTF OB - Buy side liquidity taken out - choch - bearish trend
-Structure is structure - 1hr OB -Buy side liquidity taken out - Sell side liquidity yet to be taken out after OB is mitigated
Entered shorts at this higher time frame supply zone also backed by my fib levels GJ is also in a long term down trend on HTF !!
Waiting for UJ to reach my point of interest. Waiting for my lower time frame supply to be hit
Price has come to an area of interest where I expect it to reverse!!!
GU has come to my key level where I expect it to reverse from giving me a nice intraday trade opportunity!!!