Eu Price action analysis coming into the London session
Good Morning traders!
Hope you are well.
Todays forecast will be done on the 1hr timeframe to give more information.
We are still in a over uptrend/buying range, with liquidity built above current PA. Over the past week price has retraced down and is now within the discount of the buy range, this offers great opportunity to go long. As always we look left for a range to mitigate. We can see one very obvious range this is marked in green-and its best seen on the 5minute TF.
I will be looking for a sweep of the Asian lows and a trend change on the lower TF before entering long but price is shaping up nicely.
One thing to note is that NFP is coming up so I will be more cautious getting closer to that time.
Hope you are well.
Todays forecast will be done on the 1hr timeframe to give more information.
We are still in a over uptrend/buying range, with liquidity built above current PA. Over the past week price has retraced down and is now within the discount of the buy range, this offers great opportunity to go long. As always we look left for a range to mitigate. We can see one very obvious range this is marked in green-and its best seen on the 5minute TF.
I will be looking for a sweep of the Asian lows and a trend change on the lower TF before entering long but price is shaping up nicely.
One thing to note is that NFP is coming up so I will be more cautious getting closer to that time.