Reading the Right Side of the Chart : EURUSD 16 Sep 2019
On Friday the daily range was 53 pips whilst the 20-day ADR was 57 pips. I would consider it as a hit and pretty surprising considering the range on Thursday was 159 pips but I appreciate that it probably be skewed by the fact that it was ECB Rate Decision day, hunting day for the institutional traders looking for liquidity.
The 20-day average daily range (20-day ADR) for today is 57 pips. I am anticipating a 65-75 pips run between today until Tuesday's London open at 3 pm (Singapore/Malaysia time).
I am looking at the liquidity pool around 1.11100 - 1.11200 prices level(equal-ish high with Friday's high and 27th and 28th August 2019's high) and a quick stop hunt at those levels which coincided with Weekly High. If price closes inside or above it, I will be looking to short EURUSD.
No Risk Events Today.
The 20-day average daily range (20-day ADR) for today is 57 pips. I am anticipating a 65-75 pips run between today until Tuesday's London open at 3 pm (Singapore/Malaysia time).
I am looking at the liquidity pool around 1.11100 - 1.11200 prices level(equal-ish high with Friday's high and 27th and 28th August 2019's high) and a quick stop hunt at those levels which coincided with Weekly High. If price closes inside or above it, I will be looking to short EURUSD.
No Risk Events Today.
