Approaching the extreme of the recent bearish leg. If it holds, then expect most major pairs (EURUSD, GBPUSD etc) to continue their upside momentum. If it fails, then we can expect to see further downside moves on the majors.
As per my strategy. That extreme POI swept a previous high, created the BOS, and sits beautifully on the 71% retracement level. The majority of my confluences are ticked, just missing that clear 'Imbalance'. So now we wait, and monitor the reaction on the 4H. If we see a nice clean liquidity sweep, BOS + Imbalance then I'm in for sells.
Let me know your thoughts, anything can happen!
As per my strategy. That extreme POI swept a previous high, created the BOS, and sits beautifully on the 71% retracement level. The majority of my confluences are ticked, just missing that clear 'Imbalance'. So now we wait, and monitor the reaction on the 4H. If we see a nice clean liquidity sweep, BOS + Imbalance then I'm in for sells.
Let me know your thoughts, anything can happen!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.