Let's have a quick look at OP.
Market is pretty clean and setting up for some interesting moves in the coming weeks.
Let's see how the market wants to move from here.
IF we reclaim 0.70$ expect us aggressively trade back towards the HTF buyside liquidity at 1.70$.
IF we fail to hold 0.60$ expect us to trade lower towards 0.50$ and eventually 0.40$.
From a HTF perspective we are back into a weekly FVG from October 2022....if you pay attention you will notice it is the exact FVG which 'changed the bearish trend into a bullish trend' - to explain it in simple terms.
WAIT FOR THE MARKET TO SHOW YOU ITS HAND AND TRADE WITH IT.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Market is pretty clean and setting up for some interesting moves in the coming weeks.
Let's see how the market wants to move from here.
IF we reclaim 0.70$ expect us aggressively trade back towards the HTF buyside liquidity at 1.70$.
IF we fail to hold 0.60$ expect us to trade lower towards 0.50$ and eventually 0.40$.
From a HTF perspective we are back into a weekly FVG from October 2022....if you pay attention you will notice it is the exact FVG which 'changed the bearish trend into a bullish trend' - to explain it in simple terms.
WAIT FOR THE MARKET TO SHOW YOU ITS HAND AND TRADE WITH IT.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.