We have creased yesterday's daily high at 1.10678. There is liquidity above this high. Especially since we have run up so far and therefore probabilities suggest we will pullback for liquidity for London Open. If we go up , then we will fly because there is clean traffic to the left. The 4hr is quite clean up to 1.1158. The 1Hr is clean up to 1.1125. Either way we must be prepared. I like pullback to clear out fomo buyers above yesterday's daily high back to 1.1057 for liquidity. Price has gone up so far and has exceeded our weekly target at 1.103. The market is oftern irrational and can be so longer than we as traders can stay solvent. Safe trading.
Comment:
Hindsight outlook of accurate
News Correction Analysis (4/14/23) :
News Correction Analysis (4/14/23) :
Price had become quite overextended and streched past my weekly target
and so our swing trade worked out back to 1.1057. A nice coincidence that we rejected London highs with news and continued our descent away from 1.1073 1hr zone