CAD has recently been getting stronger due to entering a bearish order block on the daily TF but now, on the 4H, we also see that it has entered a bull OB suggesting a possible push of price in the upside on Monday and Tuesday.. But I'd first like to see the Low of the day form during the London Session followed by a break in the market structure before I can...
XRP has entered the bullish MOB so I'm expecting price to go higher in the upcoming weeks but I'm having conflicted thoughts about where price might be going before we see that rise. So I'll be waiting till I see significant break of the market structure before I can buy more.
We have seen price go higher after it has entered the M(OB). Now it seems to be retracing towards the M(OB) around 0.0032 which is where I expect it to get rejected before it continues going higher.
Furthermore, the weekly TF is showing that price has previously purged through the previous Weekly temporary swing high signaling future higher prices, hence we...
Might be a little bit too early to tell because the setup is not complete in my eyes in the HTFs except the daily.
Why am I saying this??
On the monthly TF, we can see that price has been forming lower lows, clearing SSL the past few months. From that, yes we can time our buys as the market rebalances or retraces into the monthly OB. But for those planning on...
The token has cleared previous near equal highs at 0.00061313 before the bears took over so I expect the retracement to last until the range, 0.00055708 and 0.00050039 .
I expect to see price retrace into the support created by last week highs then continue going up and breaking previous highs. So i would buy if i were you..😉
Daily Chart:
- Dxy is showing a potential strong movement into the volume imbalance from May 2021
Depending on weather price breaks the previous SH or SL ,
> Dxy will carry on getting stronger to fill the V.I (at ~90.800 ) or drop down to 90.600
so i suggest that the reader pay close attention to the price action on Monday and to see if one of the...
