CADCHF is seeing the Daily and Weekly chart respecting discount bullish fair value gaps.
As price has rebalanced the BISI's and is rejecting from them, I anticipate to now trade up to external range liquidity (old swing high's on Weekly/Daily Chart).
I want to see H1 discount levels be respected and H1 premium levels disrespected to look for m5/m15 bullish displacement entry.
As of right now, h1 is pulling back and I am waiting for the respect/disrespect to shift in the direction of this trade idea.
Comment
⋅
So far, not seeing any price action to authorize a long trade. Price is respecting bearish arrays and disrespecting bearish arrays on h1. Want to see this dynamic change to validate the long bias.
Comment
⋅
ISM news has sent this lower. will monitor for now, but nothing so far, and possibly invalidated.