Massive draw to the upside with EURUSD booking highs @ 1.08890 for this week.
This draw to the upside was 100% aligned with my monthly bias which has now been met which means I must keep my powder dry.
This does not mean i can't make a few risky plays here and there...
Although aware of the bullish nature of price action, I am interested in a minor retracement back down into the 3-month bearish order block @ 1.07440. I am not anticipating a weekly closure, just a mere draw on liquidity.
This draw to the upside was 100% aligned with my monthly bias which has now been met which means I must keep my powder dry.
This does not mean i can't make a few risky plays here and there...
Although aware of the bullish nature of price action, I am interested in a minor retracement back down into the 3-month bearish order block @ 1.07440. I am not anticipating a weekly closure, just a mere draw on liquidity.
Trade closed: stop reached
Mid-week analysis.
Manipulation to the upside failed to deliver on Sundays opening,
Strength to the upside is still strong so i will be sitting on my hands
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.