Simple as it can be it has moved nicely lower. I am seeking for a retracement back to and above the 50.0 on the fib, hit the NWOG and then reject it seeking 83.000
Its to clean on the buy side to be hunting and then looking for displacement for a -FVG and then seeking New Week Opening Gap and then 6-7am Time Friday 2/14/2024 to collect as well.
The way I see it there are clean relative highs to clean up for everyone that has moved or still has their stop loss above the buy side liquidities on every level I have placed. I anticipate price sweeping those highs and going higher in price.
So far within time we have seen this "asset" increase in value and demand.
In a perfect world of mine I would say and tell price to come back to $70,000.00 and then go off again to a new high before everyone uses it and the value goes down to $0.00
Displacement has occurred and we have a Market Structure Shift in play off the Fair Value Gap from the Weekly Time Frame.
I will anticipate the 30min -FVG gets tagged with stops above the most recent high and aiming for imbalances and also the sell side with relative equal lows.
The red zone at the bottom comes from the daily bias of what price did at those levels
Price Came up again broke out of the daily fair value gap and then Market Structure Shift occurred.
Price hit the 1hr Fair Value Gap and price went long.
Currently we have already broke relative highs on buyside liquidity and have came back into range
Tomorrow I would like...
If and when price is under 1.67758 and candles are closing bearish, more than likely price can continue down to 1.66533
Either a break and retest will work for an easy 10pips minimum or sell stop around 1.66750
The markup states what is needed in order to jump in a trade. The best choice would be to stay on the 15-30min Time frame to consider an entry.
I myself will wait for the right time to execute and order and if there is nothing or price has already moved before I started work then I wait again for the next chance.
Price is having a hard time to break above the zone or at 0.69258 nice strong valid resistance level on the 4hr time frame.
Jump into the one hour and you already have LL LH LL LH
Get in on the next pull back.
Area of buyers are holding their ground and pushed price to new highs
Sellers came in bring price back down to the exact are made the break.
Probability for me is that I am betting price will go back to resistance where sellers are waiting for price to keep moving up.
If anything there is an explanation of what can happen if it keeps going down.
We are in an area of sellers that push price down to break the previous lows creating new ones.
Waiting for consolidation to break in whatever direction it wants to go.
30PIP SL
