This is a reminder to myself:
1. Before a new trading week begins get a read on what the next W1 candle is going to do – higher or lower, without trying to predict the close of W1 candle.
Just to anticipate what level the market is likely to draw to. So as to get a bias direction for the week.
2. In a bearish downswing, any up closed candle should be viewed as potential shorting candidate looking to rebalance FVG,
before going back down to take out daily lows, and then towards d1 swing low.
3. High probability bearish order block has the imbalance coupled with the up closed candles,
and the underlying narrative that it is likely to go lower to sell side liquidity.
If the move is bearish, up closed candle should not be violated. It is going to act as resistance.
1. Before a new trading week begins get a read on what the next W1 candle is going to do – higher or lower, without trying to predict the close of W1 candle.
Just to anticipate what level the market is likely to draw to. So as to get a bias direction for the week.
2. In a bearish downswing, any up closed candle should be viewed as potential shorting candidate looking to rebalance FVG,
before going back down to take out daily lows, and then towards d1 swing low.
3. High probability bearish order block has the imbalance coupled with the up closed candles,
and the underlying narrative that it is likely to go lower to sell side liquidity.
If the move is bearish, up closed candle should not be violated. It is going to act as resistance.
Attached Image(s) (click to enlarge)
ITB - Seeing Orderliness amongst 'Randomness'
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