I expect this level to be visited in the coming Days
WAAAAAGH!
I identified run-on stops above the current price. It's fairly recent & and I don't believe we need to approach it again.
On the downside, there is a Daily Equal Lows area. The latter Low is a couple of pips lower than the earlier Low which goes slightly against the analysis;
But EURUSD, a highly correlating pair, has its own Daily Equal Lows area created on different Dayz which supports my analysis korrelation-wise.
My Daily Bias is, therefore, to the downside and I will be looking for short opportunities in the upcoming Days & Weeks.
Seeking entry on a lower timeframe to minimize Stop-loss!
I identified run-on stops above the current price. It's fairly recent & and I don't believe we need to approach it again.
On the downside, there is a Daily Equal Lows area. The latter Low is a couple of pips lower than the earlier Low which goes slightly against the analysis;
But EURUSD, a highly correlating pair, has its own Daily Equal Lows area created on different Dayz which supports my analysis korrelation-wise.
My Daily Bias is, therefore, to the downside and I will be looking for short opportunities in the upcoming Days & Weeks.
Seeking entry on a lower timeframe to minimize Stop-loss!
Trade closed: target reached
After run-on stops, the trade set up low resistance liquidity run on Equal Lows during this week.
On Monday and Tuesday, with no Red News, the market moved sideways setting up for a larger move. This move came on Wednesday with multiple Red News distributed throughout both main sessions.
Liquidity, however, remains active but is no longer Two Equal Lows. Instead, it is Three Equal Lows which will be more potent in the future. The trade moved only one pip below the target price.
Bias also remains bearish. Not only that there are three Equal Lows, but there is also a large wick that is very likely to close as such. But before the move to take out Triple Low, I expect another run on stops to the top-side.