Overall bullish bias on the 4H chart. A retracement on the 1H touching the fib 61.8 level which coincides with newly formed support. The retracement formed as an exhaustion pattern and left a huge imbalance that should be filled prior to big moves. If the market opens with no big gaps, my plan is to enter a long position with the stop loss of 1.25123 and the take...
Unsustainable up-move. Massive imbalance left (4H) which has to be filled. Congestion zone created which can be manipulated. If so I aim for the order block above which caused the impulsive move down. RR --> 3.86
Long-term uptrend. Cup handle formation followed up by break of structure (BOS). Imbalance above to be filled. Awaiting for the price to test the broken level before continuing to get into a position with better RR.
Reasons: - Uptrend - Bullish pattern - OB - 61 FIB - Asia session high lows have to be taken out for liquidity
- IPO - Order block Expecting price to grab liquidity and retouch the order block to go higher with a RR of 5.
Good retracement into a resistance zone. An order block is present at the resistance zone. The main trend is downwards so expecting the price to drop after hitting the order block.
The main trend is downwards. A correction developed and is nearing the trend line as well as a new resistance zone. I expect the price to go higher than resistance in order to take out liquidity and touch a previous order block before continuing the downtrend. RR is 4.25
The main trend is downwards. price broke the structure of the retracement. A big sell of happened at resistance which created an order block. Waiting for price to touch it again before it continues to fall.
The main trend is downwards. A big sell-off at the previous support now resistance. waiting price to touch the %50 retracements of the order block candle. Expecting a huge RR if my analysis is right.
A very big sell-off back into the triangle. Price is in congestion. Expecting it to move back up into resistance. Take out stop losses and hit the order block before going down further.