Price dropped into Bullish order block on the daily. - Fib retracement 70% - expecting bullish reaction
- Break of Market structure. - Retest 50% fib into Order block
4H time frame - price might reach for liquidity into the bearish order block before heading lower
- Break of market structure - Low volume approach to order block - Entry at order block
- Break of Market structure - Low volume on retrace - Bullish orderblock for entry
- Break of market structure - Entry at Orderblock
Price took out liquidity into the bearish order block. Can we see lower prices from here?
Last week AUDCHF took out sell side liquidity into a daily order block. Expecting to see higher prices towards liquidity above
Wyckoff accumulation schematic playing out near Bullish Order block & Area of imbalance. Spring is visible
On the Daily chart, price looks like it'll be reaching higher for liquidity, closing the imbalance and into the order block
-Price reaction on a higher tf bullish order block. -4H break of market structure. - Look for entry at lower timeframe in POI
Wyckoff Distribution schematics in play on the 4H timeframe? We can also see imbalance and liquidity at higher prices before reaching for more imbalances at lower prices...
Preliminary Support (PS) - We see small signs of increasing number of up bars with spread increasing a little more compared to prior retrace in the down move Selling Climax (SC): Widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will...
Manipulation (1) Market grabbed liquidity (stop hunt) from buyers (2) Market grabbed liquidity (stop hunt) from sellers (3) Expansion to bullish Order block (4) Expansion to bearish Order block higher
Overall trend for EURUSD is bullish on weekly, daily, and 4h. 15 min retrace to mid term order block POI
Wyckoff Schematics at play on the Monthly time frame. - We can see the Automatic rally after selling climax being the largest retracement from the previous down move. - This is followed by a secondary test (ST) and a Spring that breaks market structure showing signs of strength. - Trend seems bullish
Overall trend on higher time frame is bullish.. Possibly intraday short off the 4H Order block for a re-trace before taking it further higher?