a liquidity grab into the daily high and into the zone is what I'm expecting coming into this new week.
On Gold, we have witnessed a bullish run these past couple of weeks. This past week we saw a liquidation of highs made from November 16. I am expecting more bullish price action to occur in the area of demand from our bullish h4 structure. A Break of this H4 structure would simply just be a retracement into our daily structure and can be used to target higher...
BTC has finished retracing and we are looking to clear liquidity to the topside while continuing our next Elliot wave
We could see long-term BTC break buy-side liquidity targets to break past the 70k mark or we can break this demand zone I have and continue to trade lower to levels of inefficient pricing on our monthly chart.
The structure is bearish. Inefficient pricing from an unlimited supply zone could lead to liquidity on the sell-side will be taken. #smartmoney
During the past 2 weeks, we have seen a wide range of consolidation leading up to the liquidation of our weekly highs. With this in mind, we can establish a cause leading to our Order block formed on H4 then refined to a general point of interest to look for entries on the pound. Upon reaching our Poi we will have areas of inefficiency that need to be filled...
The Mitigations of Order Blocks have to lead to price coming back to retest broken levels to possible collect liquidity to go higher