Daily Analysis - 06/06/2024 - The Modern Day TraderSpotlight Pair: USDZAR - Short
- Daily IRL (Fair Value Gap) currently holding with a failure to invert yesterday and a large wick to the upside today indicate bearish pressure.
- 1H Market Maker Model with 2 clear corrections before the current pending market structure shift.
- M15 inverted fair value gaps which are already indicated an imminent sell off.
Be mindful of a mitigation of the 4H fair value gap and then price trading higher around tomorrow's (07/06/24) true open as a strong indication of price heading lower.
Sam
The Modern Day Trader