Current Market Condition:
Market Structure (MS) & Order Flow (OF):
Daily: Bearish OF, price just broke the weekly & daily major swing low, we could expect a pullback to happen.
4H: Bearish OF with sign of bullish, price remain bearish OF because it failed to close above the previous 4H Swing High, price wick through it, consider a break but failed to follow through. In this case, we have 2 ways to explain it, either it's a 4H CHoCH which indicates a sign of bullish by the disrespecting the supply or it could be a liquidation to refuel the bearish momentum.
15m: Bullish OF, an unmitigated major demand found, we may use it as an indicator for 4H intention. If price want to continue bullish OF in 4H, it should respect this demand, if price go below it, the high is probably a liquidation for 4H to continue lower. A 15m CHoCH found, price is now in bearish in 15m inner structure.
Momentum:
15m: PA is flattened, price is moving relatively corrective to the previous downward move. In this case, after the impulsive bearish move, we can see this as a sign of losing bearish momentum.
Liquidity Condition:
15m: No significant LQ found but inducement(structural LQ) found for the 15m major demand.
Trade Idea: Both
If price come back to our 15m major demand and show bullish intention (CHoCH & Flip), we can play the LONG, if price disrespect it we look for SHORT. Price may come back down aggressively to liquidate the inducement and mitigate the demand, don't be scared if price move down aggressively.
Market Structure (MS) & Order Flow (OF):
Daily: Bearish OF, price just broke the weekly & daily major swing low, we could expect a pullback to happen.
4H: Bearish OF with sign of bullish, price remain bearish OF because it failed to close above the previous 4H Swing High, price wick through it, consider a break but failed to follow through. In this case, we have 2 ways to explain it, either it's a 4H CHoCH which indicates a sign of bullish by the disrespecting the supply or it could be a liquidation to refuel the bearish momentum.
15m: Bullish OF, an unmitigated major demand found, we may use it as an indicator for 4H intention. If price want to continue bullish OF in 4H, it should respect this demand, if price go below it, the high is probably a liquidation for 4H to continue lower. A 15m CHoCH found, price is now in bearish in 15m inner structure.
Momentum:
15m: PA is flattened, price is moving relatively corrective to the previous downward move. In this case, after the impulsive bearish move, we can see this as a sign of losing bearish momentum.
Liquidity Condition:
15m: No significant LQ found but inducement(structural LQ) found for the 15m major demand.
Trade Idea: Both
If price come back to our 15m major demand and show bullish intention (CHoCH & Flip), we can play the LONG, if price disrespect it we look for SHORT. Price may come back down aggressively to liquidate the inducement and mitigate the demand, don't be scared if price move down aggressively.