Anticipate a consolidation on pairs crossed with the DXY or USD in anticipation of FOMC news which may cause a rangebound market before the true move is established.
I have switched interest to the crosses.
Anticipate a run on the Previous Daily Low before a reversal may be inbound
I have switched interest to the crosses.
Anticipate a run on the Previous Daily Low before a reversal may be inbound
Comment:
If you look to the left, there is a massive impulsive candle. that indicates a huge imbalance and the smart money was short heavily, to liquidate most of their short positions, they will be buying back at swing lows or the Previous Day's Low as price is being delivered lower
Comment:
What to watch out for: We have London Open which could provide a retracement for more entries short or reverse the move to a discounted price at 1.72663.
However, I anticipate London Open Volume to push the price lower. Bets on the short side
However, I anticipate London Open Volume to push the price lower. Bets on the short side
Comment:
Correction, London Open grabbed liquidity and seeks liquidity higher. If you grab a fib from the low to high, BUYs played out below equilibrium