EURO Futures (EURUSD) Weekly Outlook... BULLISH
1. Daily Swing structure is bearish, after this clear break of market structure.
2. The internal structure is bullish, as price pulls back into premium.
The reaction to supply is significant. It potentially indicates the end of the retracement, and
price now seeking external LQ at the swing low.
3. I am monitoring the FVG above closely. Should price trade through it, it would indicate price
has bearish momentum, and strengthening the idea that the pullback is over.
Should this bullish PD Array hold, price could potentially make a HH, and head to the
premium old high.
2. The internal structure is bullish, as price pulls back into premium.
The reaction to supply is significant. It potentially indicates the end of the retracement, and
price now seeking external LQ at the swing low.
3. I am monitoring the FVG above closely. Should price trade through it, it would indicate price
has bearish momentum, and strengthening the idea that the pullback is over.
Should this bullish PD Array hold, price could potentially make a HH, and head to the
premium old high.
Comment:
Although today's candle swept the low of the PDL, it closed back within the range of Monday's candle. I am expecting Tuesday's high to be swept tomorrow.
Comment:
Comment:
Called it.
Price did indeed push higher today, sweeping the PDH.
Now, if price closes above the PDH, I expect today's high to be swept tomorrow.
Price may aim to take out the swing high, as highlighted. The buy side LQ is there.
Price did indeed push higher today, sweeping the PDH.
Now, if price closes above the PDH, I expect today's high to be swept tomorrow.
Price may aim to take out the swing high, as highlighted. The buy side LQ is there.
