Currently, we're observing a temporary retracement into a H1 bearish order block, which holds significance due to several key factors:
Liquidity Void: The order block is preceded by an inefficiency in price movement, indicating a potential area where liquidity needs to be filled.
Institutional Alignment: The order block coincides with an institutional resistance reference point, particularly evident on the m15 timeframe. This alignment suggests that smart money is likely to engage in market activity here to mitigate buy orders and initiate new selling orders.
Liquidity (Buy Stops): Below the order block, buy stops are evident. This implies that smart money may enter the market against liquidity, a common tactic in institutional trading.
Considering these factors, there's potential for a move to the downside to align with the prevailing bearish institutional order flow, particularly targeting the daily discount fair value gap.
However, should price deviate from this scenario and disrespect the H1 order block, we may witness a draw towards the H1 Premium Buy stops, followed by further selling towards the sell-side objectives.
For more insights, refer to the linked post below, explaining the nature of the recent upside draw as temporary:
Stay tuned for further updates.
Best regards, The_Architect
거래청산: 타겟 닿음
TP Hit= 4R (Done for the day)
As the New York session commences, expect heightened market volatility. Your risk management approach remains paramount.
I maintain confidence in the potential for price movement towards the H4 sell stops, driving our strategy forward.
Looking ahead, I will continue to execute on this premise next week.
Refer:
Happy trading and enjoy your weekend. The_Architect
노트
In order to understand why I am seeing sells, watch this video breaking down this analysis.
Refer:
Happy weekend, The_Architect
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Greetings Trader!
What can we anticipate in terms of trading opportunities for the week ahead?