Hello Traders!
As you can see we got a nice reaction from the Daily Bearish OB.
Now we can see on the Lower Time Frame that we get another 4h Bearish OB.
We now refine what our Bearish OB looks like.
Our OB in our eyes is the Orange range not anything else beyond it. (Read that again)
We know our price points for the OB are 1.1311 and 1.1299
Now what are our institutional levels we can expect the banks use to fill their sell positions?
1.1300 and 1.1310
Now you may ask why the price point 1.1310? We will pick this price point because it the round number which the banks tend to enter or target round numbers.
Lets see if the banks fill these price points for their sells....
As you can see we got a nice reaction from the Daily Bearish OB.
Now we can see on the Lower Time Frame that we get another 4h Bearish OB.
We now refine what our Bearish OB looks like.
Our OB in our eyes is the Orange range not anything else beyond it. (Read that again)
We know our price points for the OB are 1.1311 and 1.1299
Now what are our institutional levels we can expect the banks use to fill their sell positions?
1.1300 and 1.1310
Now you may ask why the price point 1.1310? We will pick this price point because it the round number which the banks tend to enter or target round numbers.
Lets see if the banks fill these price points for their sells....
