as expected, price took out the low at 1.1953 from last week. i expect more of price corrections this week after last week's fundamentals. and with price at a premium and also with price taking out the previous low for sell stops to gather liquidity, and with price running down during Asia, i expect a run up to the fair value range at .2021 and .2052 for the new...
Top down analysis. Price reacted to the equal highs on weekly, building block was the bullish OB left near price on daily, price rejected at OB plus Asian range range at bullish OB I expect a bullish expansion in price today. Might go for a swing till tp.
overall ordeflow is bearish, but as expected, price is on its way to test the equilibrium level at 0.8873 before the long bearish movement down to the untested equal lows at 0.8276.
with price at a discount following the swing high on the daily order flow and also with the day starting with consolidation at Asian range below EQ, I expect London open to push price higher and take out the clean highs at 0.8132.
the bulls are expected to be in control of this one with a liquidity void expected to be filled in and price making the impulse move away from the equilibrium price level found in the halfway line of the consolidation range. 1:3 R-R
