Price made a typical Tuesday low of the week and rarely comes back to those levels or even the week open after Wednesday. Pay attention to the levels it is going (breaker with fvg) and the USD news that are approaching in 2 hours. Big move towards the upper FVG is anticipated.
Price is in a critical area (Orderblock + FVG + Breaker). Created an ascending channel up to the POI with divergence. All week has been bullish so we'd expect some retracement on Friday at least for a TGIF setup. So this setup comes in conjunction with the HTF narrative.
Price for the first time reached a very old volume imbalance since the market crash of 2008. Inside the V.E we have a 4H rsi divergence and two 4H balanced price points where i want to see price respect them if my short bias is correct. Price forms a typical OHLC week with a creation of a bearish flag. All these confluences lead to a short bias.
Price builds beautifully into a premium higher time frame pd array (Daily FVG) above the 50%. Created an ascending channel. We also started seeing some RSI Divergence. Expected to see high of the week form at that area. (Open, high, low, close week) Looking for shorts throughout the whole week as i'm bullish for DXY.
Price seems to be respecting a Breaker area. Sits in a nice trendline zone. But since it's aggressive be careful. Need to see if it respects the area and close above, with confluence on the smaller time frame. I'd like to see an open low high close with a fvg to enter for long
Price at the Mean Threshold of HTF bullish OB. Typical Wyckoffian Distribution, Manipulation, (Anticipated Expansion) We are in an RSI divergence oversold. Thursday closed back inside the range of Wednesday. WE have SMT divergence with GBPUSD Friday might reverse or at least go back inside the HTF FVG + Breaker
I was looking for a bearish weekly candle. Price created a "Tuesday high of the week" into a PD array FVG above the 50% and rushed downwards below the week open. In setups like this it's rare for Wednesday to break above the week open again, especially when we have a lot of news drivers during the week where we anticipate good price animation. From Wednesday to...