expecting a liquidity grab in this week around 1.25000 and 1.30000, in confluence with 61.8 fib daily retracement and also stophunting the highest price region of the month (MAY) for the highest probability of execution. This week candlestick closure seems like its going to end up as doji. This means buyers where in control of the market but couldn't push the price higher due to a sell pressure at a liquidity price point area. I'm seeing a possible evening star pattern in its creation (strong bearish reversal sign). This following week candlestick closure will determine a better bias. Look in a lower timeframe for a better entry and be aware that this is a very volatile currency pair when calculate the sl.
Commentaire:
2000 pips profit. take partials