1M Divergence, Price Action System

Quoting Pumi

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Just an observation it seems a BOS in the direction that is aligned to higher time-frames does not require a divergence confirmation. The alignment used on the attached GU chart are MN, W1, D1 and H1 (in all the current price is above open - bullish). Also it seems there's actually no Order Block Also take note of what they are doing - stacking up (what George calls "Herd Mentality Validation"). Just sharing my observations as I am practicing. {image}

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Quoting bilal1947

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{quote} how about the wicks see the first candle in today open price rebounds from there, can we say a wick form when sell candle over runs buy candle assuming wicks as order blocks

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Quoting paavo59

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{image}

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Quoting Pumi

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{quote} I'm not sure if I understand what you are saying. I noticed that the price has done something repeatedly. It opened at 586 and removed the "Sell Stops" below (see M1 wick). It then moved up and came back to 583 - just below the 585 "magic number/level" - and in the process it removed the "Sell Stops" again. It seems they created areas or reference points of liquidity. If you were to look at it at that point in time (at a low of 583) one can say after more than 8 hours of movement the price has done nothing. It goes back to what BWilliam...

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Quoting Pumi

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{quote} On M1 a Liquidity Void/Gap is filled. Coinciding with the Order Block. PS: Perhaps a Liquidity Void/Gap (and/or Fair Value Gap) adds more weight to the Order Block? {image}

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Quoting ceetrader12

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HI, Would this be a retest of an OB? ( the final blue circle ) {image}

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Quoting bilal1947

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{quote} GBPUSD not ready to get short lets go long together then {image} Gold hovering 375+ {image} EURUSD 100 pips {image}

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Quoting bilal1947

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All the technical analysis, all the OBS all the market structure will fail against market new, Mr Powell has just didnt give any instant hope and USD goes bearish and all Foreign currency pairs started flying like anything. Only people who manage their trades or uses SL will be able to survive if they short foreign currencies, my SLs hit nicely.

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Quoting Pumi

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{quote} The herd can see support. Remember what George and Michael said in this situation. It is one of the reasons I'm not convinced about the Order Blocks as they also work more like S/R and SnD. {image}

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Quoting bilal1947

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{quote} market can respect ob and bounce then we would be saying see it respect the OB, my honest opinion is market would 100% respect OB if powell give a good hope amd positive words. The algo moves like this but keeping its base as economic fundamentals. Usually i dont care about the newses

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Quoting Pumi

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{quote} So around news you can expect the algo to go for stops. Look at the GU. The algo has been creating a "Resistance" since London Open. Then came the news and it went straight for the Buy Stops. {image}

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Quoting bilal1947

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{quote} Thank you for the brainstorming , if USD goes strong price should move like this {image}

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Quoting Pumi

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{quote} I can see the Rejection Block. I guess my focus is more on why they where stacking up - creating the impression of a strong Bearish Order Block or Supply Zone or Resistance. Order Blocks can also expose you to a similar risk. PS: Watch the USDCAD.

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Quoting Pumi

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{quote} I can see the Rejection Block. I guess my focus is more on why they where stacking up - creating the impression of a strong Bearish Order Block or Supply Zone or Resistance. Order Blocks can also expose you to a similar risk. PS: Watch the USDCAD.

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