AUDUSD: On the weekly Timeframe, we can see price is coming off from an FVG after liquidaton 1. Now that the market has liquidated the most recent swing high, we can expect a pullback to at least 25% of last week's bullish candle before looking to liquidate the other swing highs as illustrated by the path tool.
This means on LTF, we are looking for a sell to buy scenario.
In this case, the internal structure is our immediate structure, which means that the most ideal setup would be to look for buying opportunities.
However, we need to ask ourselves, where are we buying from?
We know that price moves in phases: 1. Phase 1 - Break of structure. 2. Phase 2 - Retest of the previous structure. 3. Phase 3 - Continuation of the dominant trend.
Looking at the internal structure, we just broke structure to the upside, meaning that price is in phase 1.
Phase 2 brings countertrend opportunities which we can capitalize on.
Where is price at? 1. We have just liquidated the most recent swing high. 2. We have tapped into a daily supply Orderblock.
From where we are, we may expect price to melt to the downside.
The first AoI we can start looking for opportunities would be the first FVG that price didnt mitigate fully (at least to the mean threshold). The second AoI would be the daily OB just below our FVG.
The third AoI would be the FVG below the first OB and the fourth AoI would be the the daily extreme OB.
I love the first and second Areas of interest because of the presence of the breaker block that price tapped before and bounced off.
Going into next week, we want to see a situation where price takes out the PDH and swing high liquidity and then target the internal rnge liquidity.
on LTF, we want to see a bullish orderflow and intra-week look to see if that will shift to then begin looking for shorts.
We want to see a continuation of this orderflow. going into next week,
- we may get a bullish push to the upside, which is our ideal scenario - or, we may see price dropping into our 4hrs OB (AOI 1) and gain momentum from there as in set up 2.
------------------------------------------------------------------------------------------ 15 Mins Swing structure is bullish 15 Mins Internal Structure Bullish 15mins Fractal Structure is bullish.
Orderflow is bullish.
If we follow this orderflow, we can see a scenario where we price will be bullish but react from one of the three OBs siting above our the fractal high. If price can sell from there our expectation is for the fractal low to hold and possibly buy from there targeting our 4h OB.
Remember, price is fractal, price has broken the fractal structure. We must pullback at least to the BoS Level of the fractal structure before we see a bullish pressure coming into the market.
We can buy this market either from a breaker the unicorn model or the 15min OB
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