I don’t normally trade this pair but I thought the setup looked nice.
Overall, on the Daily TF, order flow is bearish.
4H also confirmed this bearish continuation with the market shift last week.
Now price has retraced to the 0.618 fib level ready for a bearish push to target the potentially weak Swing Low.
However, current market structure in the Lower TimeFrames is bullish.
We have just had a sweep of liquidity followed by a break of structure on the 15M.
Stacked liquidity below can be taken as fuel for another push up to the 4H Point of Interest.
Looking for short term long if price dips into the 15M Point of interest and shows bullish intentions.
Overall, on the Daily TF, order flow is bearish.
4H also confirmed this bearish continuation with the market shift last week.
Now price has retraced to the 0.618 fib level ready for a bearish push to target the potentially weak Swing Low.
However, current market structure in the Lower TimeFrames is bullish.
We have just had a sweep of liquidity followed by a break of structure on the 15M.
Stacked liquidity below can be taken as fuel for another push up to the 4H Point of Interest.
Looking for short term long if price dips into the 15M Point of interest and shows bullish intentions.