Fellow Traders,
I would like to draw your attention to the recent price action of the FIBER on the weekly and monthly timeframes. Specifically, the FIBER had an indecision week on the weekly timeframe, failing to take out either the high or low of the previous week. Looking at the monthly timeframe, we can observe that the price action of Q1 (January, February,...
THE CABLE remains bullish and has been seeking higher prices since after raiding external SellSide liquidity at 1.05450. The asset has been consolidating on the daily timeframe prior to breaking out during the week's fundamental releases. The SellSide Imbalance Buyside Inefficiency (SIBI) on the monthly time frame seems to be the next draw in liquidity (INTERNAL...
THE Fiber has been seeking higher prices since after sweeping out the Sellside liquidity residing below 0.96081 level. The asset has been consolidating on higher time frame but every expansion since the liquidity grab has been poised to the buyside. Going into the new week, I maintain my bullish bias on the Fiber with key important levels to watch out for this...
The dollar index continues to seek lower prices and remains bearish with the Monthly BISI looking to be the next draw in liquidity after purging sellside liquidity.
The previous week saw a break of market structure to the downside below 102.944 leaving a clean SIBI that we are seeing a sharp reaction from. Going into Newyork session, Price already broke structure...
Time frame:- 1 HOUR
Price traded above 1.08678 clearing Buyside liquidity residing above those highs and we saw a sharp decline from that level leaving a Balanced Price Range (BPR). we have been held in a consolidation range indicating ACCUMULATION on the part of smart money.
I'm anticipating a return into the 1H Balanced Price Range ( MANIPULATION) to serve as...
