EURUSD RED FOLDER WEEK analysis
Comparing my journal from April 28 I wanted to see price come to 1.07343! Price met that target and exceeded it! Great delivery for a week target.
Coming into this week price was delivering to the discount and suspected we would seek higher prices at the equilibrium level. I note a market shift seems likely considering price has been seeking lower prices since January 2024.
-Monday price delivered a great long for me! Delivering to imbalances and intra-day buys stops.
-Tuesday opened to come with in 3 pips of taking out Mondays buy stops. Price did deliver past the noted equal lows and completed rebalancing the FVG.
-Wednesdays range and swings were impressive to watch. Price aggressively swept the previous days sell stops. Price tested the buy stops falling short of the equal highs forming, leaving behind a clear target.
-Thursday delivered to the equal low target again. Price again came up to test the buy side liquidity resting with the equal highs and did not make it.
-Friday price opened to the buy side smashing through the equal highs and previous weeks liquidity resting above. So exciting to watch price reach and wick through the 50% equilibrium level and then rejected at the .618 of my noted D BISI it is now trying to rebalance.
So happy with my sentiments and prices delivery. Increasing my trust and confidence to stay to the side this week and not trade, with exception of Monday.
Comparing my journal from April 28 I wanted to see price come to 1.07343! Price met that target and exceeded it! Great delivery for a week target.
Coming into this week price was delivering to the discount and suspected we would seek higher prices at the equilibrium level. I note a market shift seems likely considering price has been seeking lower prices since January 2024.
-Monday price delivered a great long for me! Delivering to imbalances and intra-day buys stops.
-Tuesday opened to come with in 3 pips of taking out Mondays buy stops. Price did deliver past the noted equal lows and completed rebalancing the FVG.
-Wednesdays range and swings were impressive to watch. Price aggressively swept the previous days sell stops. Price tested the buy stops falling short of the equal highs forming, leaving behind a clear target.
-Thursday delivered to the equal low target again. Price again came up to test the buy side liquidity resting with the equal highs and did not make it.
-Friday price opened to the buy side smashing through the equal highs and previous weeks liquidity resting above. So exciting to watch price reach and wick through the 50% equilibrium level and then rejected at the .618 of my noted D BISI it is now trying to rebalance.
So happy with my sentiments and prices delivery. Increasing my trust and confidence to stay to the side this week and not trade, with exception of Monday.