Good morning traders,
Last 2 days has been chaos for EURUSD. Alot of retail liquidity has been taken by banks. We noticed that EURUSD tapped 4H poi at premium pricing and resumed its bearish trend in long term as we mentioned in our earlier posts.
Also, notice how quickly it dropped and compare it to the time it took to climb back up. This suggests to us that bearish trend is now resumed. Earlier today during asian session, we noticed EURUSD filling some imbalance left and continuing downtrend. We believe it may return for another liquidty sweep before continuing to drop further or it may continue its bearish trend from here
Will keep you all posted
Last 2 days has been chaos for EURUSD. Alot of retail liquidity has been taken by banks. We noticed that EURUSD tapped 4H poi at premium pricing and resumed its bearish trend in long term as we mentioned in our earlier posts.
Also, notice how quickly it dropped and compare it to the time it took to climb back up. This suggests to us that bearish trend is now resumed. Earlier today during asian session, we noticed EURUSD filling some imbalance left and continuing downtrend. We believe it may return for another liquidty sweep before continuing to drop further or it may continue its bearish trend from here
Will keep you all posted
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