Although we have seen price reach for the Buy Sided objective for the week BSO[W} for DXY , which was in sync with EURUSD reaching for the FVG\C.E
A retest of the FVG could potentially offer support for price to reach for the SIBI and maybe retest the BSO or reach for the short term high created on Wednesday .
The fact that it is still Thursday and we have a retracement could still offer a bullish move .
The probability is not as high as in a case where the BSL for the WEEK hasn't been met yet
A retest of the FVG could potentially offer support for price to reach for the SIBI and maybe retest the BSO or reach for the short term high created on Wednesday .
The fact that it is still Thursday and we have a retracement could still offer a bullish move .
The probability is not as high as in a case where the BSL for the WEEK hasn't been met yet
Comment:
I was pleased to see how the Price traded as anticipated , reaching for the FVG low GBPUSD
DXY rallied from the anticipated FVG that offered support to price making , retesting the Buy side objective Wednesday's high
DXY rallied from the anticipated FVG that offered support to price making , retesting the Buy side objective Wednesday's high
watching to see if news driver will serve as catalyst to further push price to the daily objective