Daily Trend: SELL
LP Sentiment: 44%
Looking for a pull back into the Sell-side imbalance area for a move lower. I would deem this a counter trend trade againts the liquidity providor orderflow.
Focus on seeing this setup happen in the London Session.
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I believe price is attempting a lower high to stay in line with the current daily downtrend. A pinbar has formed at the top of the most recent pullback, leading me to believe a downside push could be in the wings.
Price has also created an ascending wedge that would need to broken to further confirm a downside push.
I'm looking at this pair for a potential buy.
Price is currently at the 61.8 fib level on the daily.
If it respects this level and I see a trend line break, I will be looking for buys on the correction.