EURJPY D1: A strong downtrend, with bearish breaks of structure, LHs and LLs. (See Updates)
Now, price finds a bearish order block. Looking for the next LH to form there.
4H: Expecting price to continue to maintain the bearish momentum, form the LH, follow with a BOS to grab the liquidity at the relative equal lows, and form the LL.
Now, price finds a bearish order block. Looking for the next LH to form there.
4H: Expecting price to continue to maintain the bearish momentum, form the LH, follow with a BOS to grab the liquidity at the relative equal lows, and form the LL.
تعليق:
Price overshot the 4H OB during London. So I adjusted, choosing the higher TF 12H OB, which is stronger. Notice how price left this OB, breaking the recent low. This is an indication of strength and validity.
Now, price finds a bearish order block. Looking for the next LH to form there.