Rectangle is a 4hr mitigation block, expecting some signs of reversal when we reach that zone - that's also within our 62-79% retracement zone for further confluence exit trade if we break n close below 1.29842
working off key daily and 4hr levels + mitigation and order blocks. set an order and look for bullish entry when we reach 102.607
quick short trade, bounced nicely off a bearish order block, and a nice bearish break from the triangle confirmed entry.
- RECENT HIGH CAME OFF A STRONG 4HR BEARISH ORDER BLOCK HENCE WHY I'M NOW SHORT. - TP1 SET AT NEXT ORDER BLOCK - WHICH IS BULLISH, COULD WAIT FOR FURTHER CONFIRMATION WITH A BREAK BELOW 0.75590. #NOTE - IF WE DO NOT BREAK AND CLOSE BELOW 0.75590. YOU MUST WITHDRAW FROM THE TRADE - TP2 SET AT NEXT LOW, PROVIDING WE BREAK AND CLOSE BELOW 0.75164.
LOOKING AT THE CHART WE CAN SEE A GAP/LIQUIDITY VOID THAT NEEDS TO BE FILLED IN. I EXPECT THE GAP TO BE FILLED UP TO 2739.364, WHICH IS WERE MY BEARISH ORDER BLOCK IS, AND MY ENTRY SHORT. TP SET AT 2671.518, MY NEXT "RELEVANT" BULLISH ORDER BLOCK.