As you can see since Tuesday last week price has been in a nice 4 hour range forming liquidity both sides. todays price saw a very swift move on the sell side liquidity formed from that range. Now this could well be a start of a nice bearish move. OR it could just be a liquidity grab. Now my reasoning behind this thought is that as it stands 4 hour structure is still in place and currently being respected, as I have highlighted on the chart. i believe there is a lot of liquidity laying above the price of 1.6700 and until 4 hour structure is broken I would think that was the target, but if price breaks bellow 1.5700 in tomorrow's PA I would believe we are back in the bearish market.
This is JUST 4 hour. All structure on timeframes bellow the 4 hour have definitely been broken so of course there is valid sell positions to be had. But I trade with Higher timeframe expectational order flow
This is JUST 4 hour. All structure on timeframes bellow the 4 hour have definitely been broken so of course there is valid sell positions to be had. But I trade with Higher timeframe expectational order flow
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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.