EURUSD | Work within the range | Looking for buys
When price is ranging you want to find where liquidity is at within the range, they usually build and target those little pockets. Full analysis coming in about 5-10 minutes.
I have to type it out, GBPUSD will be added shortly as well.
What's going on?
In my weekly prep we were anticipating a range to start the week, right now it "seems" probably.
It all starts with that Thursday low that was below price, AND the void above price. These conflicting views tell me range
If you open the daily chart you'll see that late Friday we pulled liquidity from Thursday's low. This is a bullish sign that then pulled liquidity from it.
We still have a void from 1.2000-1.2020 that hasn't been hit so we may see price carry up to attack that liquidity.
The London open was beautiful today, it respected Thursday's low and we also got a sniper pattern on the H1 time frame,
Within this range, there are three spots of liquidity I see.
The red zone is potential sell orders, we may hit this today during UK session,
Overall I think price will be attracted to the equal highs within this range so I'm looking for buys and these will be my targets.
NOTE: IF THURSDAY'S LOW BREAKS I WILL BEGIN LOOKING SHORT OR RE-ASSESS FROM THERE.
I have to type it out, GBPUSD will be added shortly as well.
What's going on?
In my weekly prep we were anticipating a range to start the week, right now it "seems" probably.
It all starts with that Thursday low that was below price, AND the void above price. These conflicting views tell me range
If you open the daily chart you'll see that late Friday we pulled liquidity from Thursday's low. This is a bullish sign that then pulled liquidity from it.
We still have a void from 1.2000-1.2020 that hasn't been hit so we may see price carry up to attack that liquidity.
The London open was beautiful today, it respected Thursday's low and we also got a sniper pattern on the H1 time frame,
Within this range, there are three spots of liquidity I see.
The red zone is potential sell orders, we may hit this today during UK session,
Overall I think price will be attracted to the equal highs within this range so I'm looking for buys and these will be my targets.
NOTE: IF THURSDAY'S LOW BREAKS I WILL BEGIN LOOKING SHORT OR RE-ASSESS FROM THERE.
Commentaire:
May test the yellow zone, but it just gave another set of bullish liquidity
Commentaire:
