Honestly I waited for FOMC to push price lower. But the fact it couldn't even create a daily gap down, close below previous days low or couldn't even disrespected the weekly gap, made me stack up more argument on the bullish side than the bearish one.
On the lower, 4h timeframe we have created a bullish balanced price range. How price deals with that will show whether it wants to seek buy-side liquidity from the early sellers, or head lower (which is not likely at this point).
The question is how much upside will be before the downfall. I'm not questioning my overall fundamental bearishness, I'm waiting for the weekly and daily to show clear signs.
As long as price could not print bearish gaps, nor close below swing lows (or even candle lows) I'm watching for those bullish targets to be hit.
Okkk be smart be patient be safe byyyyyy
On the lower, 4h timeframe we have created a bullish balanced price range. How price deals with that will show whether it wants to seek buy-side liquidity from the early sellers, or head lower (which is not likely at this point).
The question is how much upside will be before the downfall. I'm not questioning my overall fundamental bearishness, I'm waiting for the weekly and daily to show clear signs.
As long as price could not print bearish gaps, nor close below swing lows (or even candle lows) I'm watching for those bullish targets to be hit.
Okkk be smart be patient be safe byyyyyy
Comment:
I personally will be looking for entries from 4h fair value gaps. Not blindly ofc, those could be good point of interests for shorting foreigns.
OK byyy be safe