Euro / Dolar A.S.
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EURUSD - 3 November 2021

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Current Market Condition:
Market Structure (MS) & Order Flow (OF):
Daily: Bearish OF, price didn't pullback to the premium of the daily bearish leg but gave a daily CHoCH to downside, showing a bearish intention.
4H: Bearish OF, impulsive bearish move, price take out the previous 4H swing low with strong bearish momentum follow through and now price is in the pullback of the 4H bearish leg.
15m major structure: Bearish OF, in terms of swing structure, it's the same with 4H structure. Strong bearish move and price is now forming a corrective pullback to somewhere near to the EQ(not tapped the EQ but near).
15m inner structure: Bearish OF, price nearly pullback to the premium zone and give a 15m CHoCH without mitigating significant supply. In terms of inner structure, price is now back into bearish OF in 15m, showing bearish intention.

Momentum:
15m inner structure: Bearish intention is stronger, the way price move up is relatively corrective than the way it moved down.

Liquidity Condition:
Both upside and downside LQ found. Multiple structural LQ at upside and trendline LQ at downside.

Trade Idea: Both
Short: Price could continue the 15m inner bearish OF, keep an eyes on the supply within the most recent bearish leg. Can be more aggressive to the Short as we momentum and OF is in our side.
Long: There is a chance that price will go higher to mitigates the major supply from the left as price hasn't really pullback into the premium yet. If it wants to go higher, price will most likely to use the demand below especially the 15m LQ POI as a catalyst to refuel the bullish momentum for higher price. I'm interest to Long if price shows bullish intention after mitigating the major demand.
Nota
Price eventually wants the Extreme, although price developed as expected but no Entry found.
syot kilat

Penafian

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