After the release of the US CB Consumer Confidence data release today we saw EURUSD sell into the OB it created on CPI and from there experienced some level of bullishness.
SO WHATS NEXT?
1.Im expecting EURUSD to retrace back into the H4 bearish OB , fill in the sellside imbalance buyside inefficiency(SIBI) then ultimately sell off from there.
2. Expecting it to sell deeper into the BISI then buy off from there after tapping into the H4 Bullish OB that broke structure to the upside.
3.Expecting it to sell some more and clear out the sellside liquidity resting on previous relatively equal lows then tap into the unmitigated bullish OB then buy off from there
Kindlynote that at all the 3 aforementioned areas, EURUSD will not just break through without giving some reaction to the upside or downside...hence look to buy and sell at these zones.
#Good luck and good trading
SO WHATS NEXT?
1.Im expecting EURUSD to retrace back into the H4 bearish OB , fill in the sellside imbalance buyside inefficiency(SIBI) then ultimately sell off from there.
2. Expecting it to sell deeper into the BISI then buy off from there after tapping into the H4 Bullish OB that broke structure to the upside.
3.Expecting it to sell some more and clear out the sellside liquidity resting on previous relatively equal lows then tap into the unmitigated bullish OB then buy off from there
Kindlynote that at all the 3 aforementioned areas, EURUSD will not just break through without giving some reaction to the upside or downside...hence look to buy and sell at these zones.
#Good luck and good trading