Overall EU is still very much Bearish, but still hasn't retraced to an optimal premium price level. There are imbalances to the upside noted here as "FVG" where price must be delivered buyside. In my humble opinion, the areas between the FVG, .79FIB and -OB is where I will be looking for entries for the major selloff. This could potentially be a swing/position trade. Lets see how it plays out.
-ChaarateFx
-ChaarateFx
Trade active:
Just as an update we see that price made its way up into the Daily -FVG... Closed it completely, then went into the Daily -OB, up into the Daily -OB MT, and sold off from there. I am still bearish on this pair, therefore still hunting shorts.