Scenario:
From last week analysis, price engaged on a 5days ranging forming liquidity at the top and bottom of the zone. Again, I have rearrange to the puzzle and have some criteria marked up; Bullish BOS has been spotted, since I look to go bullish, a liquidity has also been spotted below. A 70 - 80 zone identified. Selling Absorption candle observed as well
Expectation:
I expect price to retest the 70 -80 zone for a proper bullish move. Once price gets to the zone, 15m bullish BOS must be observed before any entry.. On the contrary, I also have to keep in mind of last week expectation (If 15m Bearish BOS occur above the liquidity, we can look for the shorting as well).
Comment:
Keep track of this progress on lower time frame until what is predicted is successful or violated..
From last week analysis, price engaged on a 5days ranging forming liquidity at the top and bottom of the zone. Again, I have rearrange to the puzzle and have some criteria marked up; Bullish BOS has been spotted, since I look to go bullish, a liquidity has also been spotted below. A 70 - 80 zone identified. Selling Absorption candle observed as well
Expectation:
I expect price to retest the 70 -80 zone for a proper bullish move. Once price gets to the zone, 15m bullish BOS must be observed before any entry.. On the contrary, I also have to keep in mind of last week expectation (If 15m Bearish BOS occur above the liquidity, we can look for the shorting as well).
Comment:
Keep track of this progress on lower time frame until what is predicted is successful or violated..
