Snick3rSD

Snick3rSD

On a HTF (Higher timeframe) we are in a bearish market structure, also we have a mitigated OB (Order block) D1 with a rejection from an important level of 85.000, as well PDH (Previous Daily High) was taken, so I expect a new expansion.

Snick3rSD

‼️ Order Blocks are candles where Market Makers (Banks) have placed their positions, generally, the market returns to those candles and they are never violated. There're 2 types of Order Blocks: 1. The Bullish Order Block is the last bearish candle before the bullish movement, that Break The Market Structure Higher. Represents a high possibility of holding the...

Snick3rSD

I expect here bearish price action, after migitation the OB (Order block) H1, the PDH (Previous Daily High) and PWH (Previous Weekly High) were taken out, also the price rejected from an important level of 0.68000. As another confirmation we have the bullish price action of DXY (Dollar Currency Index).

Snick3rSD

‼️ BMS or BOS (Break of Market Structure) occurs when the price closes above / below a swing high/low, generally, every trader should trade in the direction of the Higher Time Frame BMS. NOTES: AFTER BMS ALWAYS WAIT FOR RETRACEMENT.

Snick3rSD

‼️ Forex traders use Fibonacci retracements to pinpoint where to place orders for market entry, taking profits and stop-loss orders. Fibonacci levels are commonly used in forex trading to identify and trade off support and resistance levels. After a significant price movement up or down, the new support and resistance levels are often at or near these trend lines....

Snick3rSD

Here we have an example of AMD (accumulation-manipulation-distribution), after that the price rejected from the OB (Order block) H4 and took out the PDL (Previous Daily Low), so I expect the price to go up. Also, on a HTF (Higher Timeframe) we are on the bullish market structure.

Snick3rSD

I expect the price to go down because on a HTF (Higher timeframe) we are in the bearish market structure, the price mitigated the OB (Order block) H4 and closed the imbalance, also the PDH (Previous Daily High) was taken.