It’s 06:05 and currently on the H4 timeframe, I see that as price created a low, higher low and a continuation of a downthrust; price left an imbalance as a result of a downthrust continuation. That imbalance is being identified as a FVG. I placed my sell limit on the high of the bearish 3rd candle and tp at the previous swing point(low) of the previous H4 uptrend. There might be a possibility that price might trade towards the 4758.414 price level but because of the FVG identified, I’m holding my position.
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Right now it’s 07:50
I closed the sell trades because I thought that price would push further more to the upside before eventually falling but as I opened the H1 and H4 timeframe I see this beautiful bearish candle and I entered with one sell trade according to the valid sell signal I got from the template. And mind you, it’s the same place where I placed my first sell.
I am holding that sell until the 4522.860 price level because I believe that there’s a lot of liquidity that needs to be collected by the proce for it to get enough juice to go to the upside.
As soon as price hits my tp, it’s going to be headed for the buy zone that I identified on the above journals.
I’m taking what I think is a silly risk but I’m going to trust my intuition here.
Price created an H1 FVG and the price is currently trading at that level. My take is that price might create a short term buy before finding a level to make a turning point to the downside. Price took out a spike inside of that FVG where we find an M15 bullish Order Block.
The FVG is identified in the H1 timeframe whilst the OB is found on the M30 timeframe.
Price stopped me out before it could go to my directional bias.
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