The weekly range spans from 4.570% - 4.739% and with the weekly EQ being tagged alongside buyside getting swiped, I am scoping out for the daily order block which is near the weekly sellside @ 4.593% and the second target being the lows at 4.570%.
Some form of a pullback into the lower displacement weekly fair value gap is a projection for throughout the trading week is logical to expect, especially during volatile days where there is a lot of news releases.
Also to note, the Sep - Oct 2023 weekly liquidity void is also a area of importance, especially the consequent encroachment which already aligned with the daily order block so during the week I will update this post if bias has changed.
Some form of a pullback into the lower displacement weekly fair value gap is a projection for throughout the trading week is logical to expect, especially during volatile days where there is a lot of news releases.
Also to note, the Sep - Oct 2023 weekly liquidity void is also a area of importance, especially the consequent encroachment which already aligned with the daily order block so during the week I will update this post if bias has changed.
Trade closed: target reached:
We witnessed a massive sell-off into the highest disp weekly FVG.
Target met!
Target met!
