Let's have a quick look at OP.
Market is pretty clean and setting up for some interesting moves in the coming weeks.
Let's see how the market wants to move from here.
IF we reclaim 0.70$ expect us aggressively trade back towards the HTF buyside liquidity at 1.70$.
IF we fail to hold 0.60$ expect us to trade lower towards 0.50$ and eventually 0.40$.
From a HTF perspective we are back into a weekly FVG from October 2022....if you pay attention you will notice it is the exact FVG which 'changed the bearish trend into a bullish trend' - to explain it in simple terms.
WAIT FOR THE MARKET TO SHOW YOU ITS HAND AND TRADE WITH IT.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Market is pretty clean and setting up for some interesting moves in the coming weeks.
Let's see how the market wants to move from here.
IF we reclaim 0.70$ expect us aggressively trade back towards the HTF buyside liquidity at 1.70$.
IF we fail to hold 0.60$ expect us to trade lower towards 0.50$ and eventually 0.40$.
From a HTF perspective we are back into a weekly FVG from October 2022....if you pay attention you will notice it is the exact FVG which 'changed the bearish trend into a bullish trend' - to explain it in simple terms.
WAIT FOR THE MARKET TO SHOW YOU ITS HAND AND TRADE WITH IT.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
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.