Now looking at the weekly, u can clearly see price rejected from the bearish orderblock, closing twice below the highs just under the orderblock, and now it is this weekly rejection that is affecting the 4h creation ..... and also should u want to zoom in clearly, u would see algorithm is trying to form a swing high ... am I right ? Am I wrong ? Either ways , right or wrong, lesson learnt 🏄♂ should this play out , I would be in for 600pips ?
5m shift of structure , 5m rentry shifts the 30m structure, the 30m shift of structure, the 30m rentry would shift the 4h structure, the 4h shift of structure, the 4h rentry would shift the weekly time frame structure ....
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As price is approaching its higher timeframe , take profit or entry level , algorithm would usually create minor structures on the subordinate timeframes to create constant rentry for the banks , using the principle of past present and future ... smaller timeframes shouldn't be traded with , its just simply rentry time frame for the banks ...
See the beauty of you understanding
1 algorithmic market environment ..
2 and minor structure formation... so right now, until the 4h minor high is taken out, I still see this current move as a retracement in a minor structure manner .... .. so now it is clear that that bearish volume imbalance located at 79% of price range , is what the current market is aiming for ... .. I would be taking my take profit off that vib should incase either of my bullish leg is triggered ..
1 algorithmic market environment ..
2 and minor structure formation... so right now, until the 4h minor high is taken out, I still see this current move as a retracement in a minor structure manner .... .. so now it is clear that that bearish volume imbalance located at 79% of price range , is what the current market is aiming for ... .. I would be taking my take profit off that vib should incase either of my bullish leg is triggered ..
I don't give trade setups in my channel, I only drop educational analysis on pairs I see fit ... should u use my educational charts for setups , your wins or losses is absolutely not my business 🏄♂
Previous recorded mentorship videos still available, send a direct message 🏄♂
Until this liquidity is raided , I won't focus on this pair , but once I see price reacting off that liquidity, my take home assignment would be studying the 5 30 and 4h for a possible algorithmic willingness 🏄♂