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 candlestick it looks more like price respects the area and we should be ready for a full pullback to the order block.
Now it’s clear that the bearish move has lost its momentum, the immediate target is the order block then we go long with this potential and long bearish move the liquidity area at 87.047…
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 candlestick it looks more like price respects the area and we should be ready for a full pullback to the order block.
Now it’s clear that the bearish move has lost its momentum, the immediate target is the order block then we go long with this potential and long bearish move the liquidity area at 87.047…