Short Term: Bullish
I will be placing a buy position at the 1 hour FVG area where the 1hr previous lows have been rejecting, with my SL below 1.08015. This area also satisfies the 0.70 fib level and the 4HR order block from the previous 4hr bearish candle.
Long Term: Bearish
I will be placing a sell position at the 4hr FVG (also correlating to 0.5 and 0.6 fib levels) after the following:
- Higher timeframe bearish candlestick confirmation
- CHOCH on lower timeframe
If this bearish outcome fails, an order block at 1.09130 will be made.
I will be placing a buy position at the 1 hour FVG area where the 1hr previous lows have been rejecting, with my SL below 1.08015. This area also satisfies the 0.70 fib level and the 4HR order block from the previous 4hr bearish candle.
Long Term: Bearish
I will be placing a sell position at the 4hr FVG (also correlating to 0.5 and 0.6 fib levels) after the following:
- Higher timeframe bearish candlestick confirmation
- CHOCH on lower timeframe
If this bearish outcome fails, an order block at 1.09130 will be made.