Major swing down showing OTE between 1.2790 and 1.2752. This coincides with a bearish hourly order block that occurred at New York Open on the 21st October. This area also covers the 1.2750 mid figure.
Given the Durable goods data and consumer confidence data to be released (12:30 GMT) this could provide a run to the entry before reversing short.
I will also keep an eye on the USDX to see if this also coincides with the expected support at 85.20
On the daily basis, the 9 is below the 18 EMA which adds further credence.
Any comments gratefully received.
This is my first post and I remain and long time and grateful student of Michael Huddleston (ICT)
Given the Durable goods data and consumer confidence data to be released (12:30 GMT) this could provide a run to the entry before reversing short.
I will also keep an eye on the USDX to see if this also coincides with the expected support at 85.20
On the daily basis, the 9 is below the 18 EMA which adds further credence.
Any comments gratefully received.
This is my first post and I remain and long time and grateful student of Michael Huddleston (ICT)
