Market Analysis: The Overall Market Condition of the day is favoring LONG for HTF and SHORT for LTF.
Market Structure & Order Flow: 4H Bullish, 4H inner-structure Bullish, 1H/15m Bearish, price is now in the pullback of 4H bullish leg.
Based on HTF Market Structure (4H+), price is in bullish OF. In 4H inner-structure, price has given a significant mBOS which align with the HTF bullish OF, the move was initiated by 4H/daily extreme demand. After the mBOS, price pullback to grab the liquidity from the left and shows immediate reverse (4H V-shape recovery). Price take out the previous low but failed to close below, the immediate retrace and strong bullish impulse candles tells me that the move is more likely a liquidation. Price then reach to the 4H extreme supply and give a reaction, 15m CHoCH is found, price has back to bearish OF. Price could initiate the pullback of the bullish leg from here.
Momentum (4H): Bullish > Bearish
After the V-shape retrace, price shows a strong bullish intention by forming huge bullish impulsive candles.
Trade Idea: Play SHORT until price pullback to major demand or discount of the leg, then play LONG from the major demand or when the bullish intention shown.
Market Structure & Order Flow: 4H Bullish, 4H inner-structure Bullish, 1H/15m Bearish, price is now in the pullback of 4H bullish leg.
Based on HTF Market Structure (4H+), price is in bullish OF. In 4H inner-structure, price has given a significant mBOS which align with the HTF bullish OF, the move was initiated by 4H/daily extreme demand. After the mBOS, price pullback to grab the liquidity from the left and shows immediate reverse (4H V-shape recovery). Price take out the previous low but failed to close below, the immediate retrace and strong bullish impulse candles tells me that the move is more likely a liquidation. Price then reach to the 4H extreme supply and give a reaction, 15m CHoCH is found, price has back to bearish OF. Price could initiate the pullback of the bullish leg from here.
Momentum (4H): Bullish > Bearish
After the V-shape retrace, price shows a strong bullish intention by forming huge bullish impulsive candles.
Trade Idea: Play SHORT until price pullback to major demand or discount of the leg, then play LONG from the major demand or when the bullish intention shown.