AUDJPY - 10 December 2021

10 Ara 2021

Current Market Condition:
Market Structure (MS) & Order Flow (OF):
Daily: Bullish OF with strong bearish momentum, price slightly take out the previous daily swing low but didn't close below the low. A 100% retracement is indicating a bearish intention.
4H: Bullish OF, price recently break 4H major swing structure high and now is in the pullback stage.
1H/15m: Bullish OF, price mitigates the extreme 15m demand and gives a 15m bullish CHoCH, we might see price go higher from now. Be aware to the major supply above as price could reverse the 15m trend if it's a pullback of 4H leg. Depends on how price react to the supply zone above.

Momentum:
Daily: Bearish
1H/15m: Demand take over the control now,

Liquidity Condition:
Tons of structural LQ are sitting below the 4H major supply.

Trade Idea: Long to Short
Before price continue lower, it might go back up to the 4H major supply to grab LQ from the left also mitigates the supply above to refuel the bearish momentum. Follow the inner OF until it reach the major supply.

10 Ara 2021

Not

Price eventually continue higher which validate the 15m S2D zone, it's now in the discount, I would like to play Long from here.
Could get it with risk entry by using the EQ of the zone but I waited for LTF confirmation which doesn't give me an entry. - Missed trade

10 Ara 2021

Not

PA Update: Price is now tapped into our major supply, if price shows bearish intention from here such as significant CHoCH in LTF, I will be happy to play a Short.

10 Ara 2021

Not

PA Update: Bearish intention found after mitigating the 4H major supply that we marked out earlier.