One of the tool i use in my daily analysis for confluence explained in the Thread 🧵 below.
1- Wait for the price to run to a HTF PD array
2- Mark the Manipulation Leg which took those highs
3- Drop to LTF and project the Fibs from High to Low of that Manipulation leg with a displacement. look for the opposite PD array aligned with -2 to -2.5STDV
Both Euro and GBP made Lower Low so there is no crack in correlation. Which means SMT is not valid
Here Euro made Lower Low and GBP Made Higher Low. We have a crack in Correlation. GBP unwilling to go lower which is sign of institutional accumulation. GBP has higher relative strength than Euro.
Which makes SMT valid
1st thing to look when you open the chart is 'Market structure'
I have marked both HTF & LTF price movements
HTF will give u a better view of market direction,
LTF will be noisy & hard to find the direction for a newbie imo,multiple OBs,FVG/Imblance,will be hard to mark your POI