Houdini4k

EURUSD BUY TO MITIGATE WKLY IFVG & ULTIMATELY SELL TO MNTHLY FVG

FX:EURUSD   Euro / U.S. Dollar
On weekly tf we can clearly spot an inverse FVG which price will likely mitigate before going back down to fill monthly FVG. Considering the bullish trend as come to an end for EU looking at MNTLY TF, a clear shift in market structure will ultimately lead to a small retracement into fair value price or premium as price is currently at discount price. Dropping down to 4HR Tf we can see that there’s a 4HR bullish IFVG as well which will serve as a point of entry for price to go straight to weekly bearish IFVG and ultimately shooting back down to fill monthly FVG.

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.