Hello traders,
This week the price opened by taking out last week's low followed by a quick bullish move yesterday.
The bullish move has taken out the equal highs (EQH). This means that the buy-side liquidity has been raided as anticipated.
The price has then reached the highest price of the week at Institutional Price Level (IPL) 1.26000.
I'm anticipating the price to go lower to fill the price imbalance created yesterday first then we continue going short up to the Bullish order block (BuOB) marked below.
The first TP is 65 pips below from current price.
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This week the price opened by taking out last week's low followed by a quick bullish move yesterday.
The bullish move has taken out the equal highs (EQH). This means that the buy-side liquidity has been raided as anticipated.
The price has then reached the highest price of the week at Institutional Price Level (IPL) 1.26000.
I'm anticipating the price to go lower to fill the price imbalance created yesterday first then we continue going short up to the Bullish order block (BuOB) marked below.
The first TP is 65 pips below from current price.
Like and Subscribe.