If price returns to my point of interest, I'm waiting to see if it will hold and allow for a significant drop.
I'm predicting that price will continue to drop in light of this lower time frame downtrend. I tried to post this sooner but it happened quite quickly.
If price mitigates the 2 minute Demand Zone within the 15 minute manipulation wick, I expect price to rally. If it gets past the Supply Zone, it will rally more to take out the resistance i.e. liquidity and maybe break new highs.
Update of the previous idea: With a slightly wider stop, one would've avoided the spring of the accumulation that occurred in the demand zone on the . Yet, it rallied pretty nicely from there. Now, price seems to be coming back to the accumulation. I expect it to rally from the accumulation.
If you missed getting in on the first EURUSD entry that I posted yesterday, then this is a good demand zone to get in on as well within a manipulation wick. I expect price to hold and rally from there. But it is in the middle so a small position size incase.
If price mitigates my M2 demand zone, I expect price to rally in its original direction towards the 4h manipulation wick i.e. Supply Zone for a 1:10 RR.
In order for me to sell this pair, I would like to see price push into the 1H SZ. If this happens, I will apply confirmation entry on a LTF as price could still push past the 1H SZ to tap into the 4H SZ above so be careful.
Rally on JPN225 after hitting Bullish OrderBlock. Price aims to target buyside liquidity.
AUDCAD seeks to drive price to the Bullish Order Block at 0.9096. The buyside liquidity is resting above price which will be aimed to be taken out and go higher to the next POI.
Price is currently at Daily Supply Zone nested inside the Weekly Supply Zone. I will be looking for a sell opportunity on a LTF.
If price pushes up to our supply level, I will look for entry on a LTF.
90% of the time, I use DXY to target my entries on EURUSD because of their correlation. I will write about this in future. In the mean time, price has taped into the Supply Zone and currently reacting off the level. If the supply level holds, I would love to see the index push down to at least 95.50 area.
Currently, traders are being induced to buy at the current market price - this is clearer on the 15M chart. However, I would like to see price push further down into the 4H demand zone refined on the 1H chart. If price taps into this level, I will look for buy. While I don't trade the news, I acquaint myself with news releases for the trading day so I have idea...
With price clearing sell-side liquidity, I would like to see price push into the supply zone in order for me to be involved in any sell. Let's see how this plays out.
Long bias short term, short bias long term. My first analysis here, so not much to say. Just currios long term how it will play out. Cheers!
I am looking for buy at either of these two demand levels. If price pulls back to either of the levels, I would go to a LTF to look for entry. Have a Piptastic trading day. Matrixpip