Price has 70% chance of staying within the range
- EUR/GBP taking out liquidity - Daily EMA uptrending - Weekly EMA crossing upwards - EUR/USD projected downwards - GBP/USD projected upwards
- Noted monday LO high - Low of the week on Tuesday LO?
- Weekly ema crossing upward - Daily ema uptrending - a lot of liquidity above
- Daily and weekly ema downtrending - Looks like accumulation on monthly TF (equilibrium retraced to 79% retracement level and being defended) - Liquidity generated right above monthly +OB
- Daily and weekly ema downtrending - Unclear direction
I sell it with the break out horizontal line. TP around 78.6 retrace of uptrend wave.
Another chance shorting New York open
- Very nice retracement - Might touch 79% level before taking out liquidity above
- 9/18 d-ema uptrending - 4h retracement into +OB - Continued uptrend - EUR/GBP looks like its retracing, preparing for an upmove
- Rejected hard at -OB - 9/18 d-ema downtrending - waiting for retrace to take out liquidity above
- Suggest EUR might go higher to raid liquidity - Supports EUR/USD. and GBP/USD analysis