clean 2hr demand that we saw cause the push to the downside after respecting our 4hr supply , we have the gap from market open just below that we need to see filled and we also have an inducement that we will use as liquidity , we have handled 500 in the supply and can target the EQL as liquidity
After the shift in structure from bearish to bullish , 4hr demand has been respected and we have seen a further bos to the upside leaving this clean 4hr demand zone with handle 1.76000 , we have inefficient price above with imbalance and a unbalanced market where sellers were too strong , we can see possible shorts from the 4hr supply I also have marked out in the...
looking for shorts as we have respected the 4hr supply and I am now looking to get into this scale in position to target the asia lows as liquidity
after mitigating the 4hr wick supply , we have seen a ss to the downside and have seen bearish structure as we violated the last higher low on the m15 , as we have a inefficient bullish leg we are looking to target the asia low as liquidity
as price was dropping in London and the beginning of NY leaving imbalance and a lot of upside liquidity to be taken , we was looking for a area for price to reverse , saw key area of 1.23500 and also saw a area on the previous 15min reaction of this area I wanted to see price hold , one I had seen a song rejection of the key area and a candle closer above recent...
so for this trade we had bearish market structure with new lows and lower highs, we then saw entering NY we had a area of supply where price had previously sold from , we now also saw a key area and physiological level where we was expecting to see price react off 130.000 zone , we had also a 50% retracement from the swing highs the the pull back into our area ....
we have seen market structure become bullish with break of structure to the upside , we now have seen price pull back down to test our area we have looked for then a COCH back to the upside after the rejections in our zone for entry , we also have the ema as support and our 50% fib zone risk 1 %
On GJ we have see price turn bullish after the news on the GBP trying to re gain strength , we saw price create new highs and a break of structure to the upside so we simply waited for a re test on our key area 156.500 as this area has recently been used as support and resistance and is a level banks like to trade around , we also had our 50% level on our fib...
after news came out we saw a spike in price to the upside but we knew this was a fake out as price was brought back down into structure and closed below our key area , we then waited for price to pull back into our key area of 154.500, we had ema conformation , our fib zone respected , break of stucture to the downside, bearish engulfing and higher timeframe conformations