US10Y - Stance Resistance @ 4.249%. Will It Break?
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Smooth edges loves to become jagged in the market and with 4.249% being a weekly double top, this could potentially entice more short traders into the market as the logic is 'sell resistance, buy support'
I go against that logic so 4.282 - 4.288 will be the next draw on liquidity if we are to see a continuation to the upside
I go against that logic so 4.282 - 4.288 will be the next draw on liquidity if we are to see a continuation to the upside
Nota
New week opened with a gap, with Tuesday closing the gap closing out as a bearish hammer candle.4.278% will be the next draw on liquidity before the overall weekly target is hit @ 4.282 - 4.822
Dagangan ditutup: sasaran tercapai
Weekly Target Met!Dagangan aktif
Sharp rejection from the outlined volume imbalance. Daily shift in market structure back down to the weekly order block.4.190% hourly array is the next draw on liquidity
Nota
Thursdays daily price action has closed as a bearish engulfing candlestick with 3 days worth of sellstops also being taken. New lows for the week has been created today.The weekly bullish order block has also been tagged before a sharp pullback inside of previous days low and open.
4.290% - 4.196% is the dealing range i would like to see friday close above.
Wicks do the damage but candle bodies tells us the story and it's all for the taking tomorrow with 1 high impact news releases at 1:30pm
Nota
That volume imbalance is a make or break for where price action will end up.If we fail this region, the previous post will be in action
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