Liquidity was grabbed on May 9th, forming an order block and a sub-sequent impulsive bullish move. that boke previous structures. The price is expected to go up again once it hits the order block.
Also, if you look at volume profiles, we have coincidence with a low volume node, that eventully would not support the price drop.
I would not take this trade though as there is liquidity just below the OB and another stop haunt is expected.
Also, if you look at volume profiles, we have coincidence with a low volume node, that eventully would not support the price drop.
I would not take this trade though as there is liquidity just below the OB and another stop haunt is expected.
