Outlook on EURUSD
Price changed character and form a descending channel creating lower lows and leaving liquidity behind.
Price got to a Demand zone , bounce broke upper trend line, changed character to the upside and formed a range giving unmetigated liquidity and an Imbalance between liquidity and Demand zone below.
The theory is, Price will come back down to mitigate Demand and in effect close the imbalance gap and mitigate liquidity.
Stop should be below the demand zone.
And target should be the next few order blocks above.
Price got to a Demand zone , bounce broke upper trend line, changed character to the upside and formed a range giving unmetigated liquidity and an Imbalance between liquidity and Demand zone below.
The theory is, Price will come back down to mitigate Demand and in effect close the imbalance gap and mitigate liquidity.
Stop should be below the demand zone.
And target should be the next few order blocks above.
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