tokelohomi

tokelohomi

After a long time of failing, price finally managed to reach the liquidity zone, but this is not a satisfying liquidity sweep. Anticipating a slight wipe out to collect all the orders above. The market is more likely to drop from this region, waiting for a significant confirmation to take sells…

tokelohomi

Price initially broke the structure, respected the sell side imbalance and dropped to the breaker. Drove all the way up, by the bearish engulfing candlestick it appears that the market has respected the fair value gap and also made the ultimate third touch to the three drives. This data encourages a bearish market, looking to counter this trade and sell down to...

tokelohomi

The chart is characterised by a bearish engulfing candlestick, this provides the impression that we should expect a pullback to break block from this minor distribution phase. The pullback will potentially trigger more buy order below in order to abruptly go bullish to create highs and complete the emerging daily head and shoulders pattern…

tokelohomi

The market started off with accumulation phase to provide this nice bullish drive and got rejected by the 4h fair value gap. Then price dropped to the order block, respected the area and formed a young bearish order flow to give us the descending three drives which also created three ascending bullish drives. Both the drives have created a retail pattern which is...

tokelohomi

Price made a liquidity sweep on the daily timeframe, this means we have more sellers than buyers in this market, so we sell with ease. Now price is currently at the 4h OB, any significant response to this, then we buy and the target should be 0.91632. If price persists to push up the the target is the daily significant area in order to complete the head and...

tokelohomi

Currently within the accumulation phase and buyers are being rejected several times at the fair value gap region. The main priority is for the market to break this high rejection zone for more buying opportunities…

tokelohomi

The market slowly, but surely gradually hit the initial target point and the fair value gap rejection caused this contraction that gave buyers more power. The market then shot to the moon to make hit the ultimate target and made this nice liquidity grab for seller to take over. From this current fall we hope for price to rest the fair value gap if it doesn’t...

tokelohomi

This situation is looking indecisive because of the long bearish candlestick that went through the demand zone, now we have this nice correction that could lead to a massive bearish breakout or it could be a proper retest to validate the demand zone and make a bullish breakout, quite interesting. How the market reacts to this condition will determine the ultimate...

tokelohomi

At first the market provided three ascending drives, pushed up, respected the fair value gap and dropped to the order block support. Accumulation phase occurred before the volatile move to the breaker block, now price made a retest to the phase. From here we should expect a bullish move to the inner supply zone, the urge is to buy…

tokelohomi

After the distribution phase, price impulsively shot down to the previous demand zone, made a slight upward move, broke the structure then aggressively dropped to the 4h demand zone. The zone was respected and the market is now in a state of recovery, this data give more reason for price to continue pushing up to the breaker block level…

tokelohomi

The daily chart has the characteristics of a volatility contraction approach, price has now invalidated the contraction and we’re up for a volatile move. 4h timeframe shows that the bullish three drives were in accordance with the bullish order flow. This breakout made a small retest to the daily order block and fell to the demand zone, with this current...

tokelohomi

From the 137.911 level, the market made a successful retracement to the demand zone at 135.854 and couldn’t push up to the main supply 137.678 because of the previous broken structure. The rejection formed this current mid supply area and price made an impulsive drop that broke the structure and created divergence at the 134.109 low. The market is now trying to...

tokelohomi

Eventually price swiftly managed to hit the desired target point, violated the supply zone and made a nice liquidity sweep. A nice bearish engulfing move was the first reversal candlestick and already broken out of the previous liquidity level. The priority now is for price to drop to at least 1.19380 and complete the emerging head and shoulders pattern, then we...

tokelohomi

On the daily timeframe the market is within prices 165.990 and 155.325. The market pushed to the upside in a corrective manner and got rejected by the daily order block. As we go to the 4h timeframe there’s this head and shoulders pattern formation and price managed to complete the pattern after a long horizontal channel with little momentum. After the completion...

tokelohomi

We had a divergence which gave us the 0.90417 low and also a potential demand zone, price changed its character and pushed to the order block and got rejected. With this second retest I’m place, how the market reacts to this will determine whether price will drop to the demand zone or persistently push up to the supply zone, here we observe and see how it plays out…

tokelohomi

We have a broken structure, because the market dropped below 1.19245 and created a new lower low at 1.18021. Currently having a contraction within the accumulation phase, this data provides that sellers are losing momentum, hence with should embrace ourselves for an aggressive bullish move. The ultimate stop order should be at 1.20500, but we should be wary of the...

tokelohomi

Here we await for a pullback to the breaker block or even further down to the fair value gap to tick all the boxes. With this volatile bullish move, a bearish move is the inevitable, after this anticipated short pullback, we should expect an impulsive bullish move targeting 140.000 which is the daily supply zone…

tokelohomi

This is what a perfect structure looks like, still heading to the target point and the chart is directly proportional to the analysis...