Galusdt daily analysis
gal created a daily range after grabbing the sellside liquidity and the buyside liquidity (both denoted by X in the chart ).
After it created the daily range it failed to hit the buyside OB, and instead it created a lot of wicks before retracing (dropping to discount) and creating relative equal lows.
What will gal do next?
I think gal will dip into the order block marked on the chart after grabbing the relative equal lows (discount) before it moves up to the draw on liquidity marked on the chart and probably hit the order block before it goes down again. ( the draw on liquidity is a wick and the algorithm in most cases usually comes back to fill an unnecessary wick before it moves to its desired direction )
If btc remains stable which I don't think might play out cos of DXY (looking strong ) then gal will deliver nicely.
gal created a daily range after grabbing the sellside liquidity and the buyside liquidity (both denoted by X in the chart ).
After it created the daily range it failed to hit the buyside OB, and instead it created a lot of wicks before retracing (dropping to discount) and creating relative equal lows.
What will gal do next?
I think gal will dip into the order block marked on the chart after grabbing the relative equal lows (discount) before it moves up to the draw on liquidity marked on the chart and probably hit the order block before it goes down again. ( the draw on liquidity is a wick and the algorithm in most cases usually comes back to fill an unnecessary wick before it moves to its desired direction )
If btc remains stable which I don't think might play out cos of DXY (looking strong ) then gal will deliver nicely.