First low of August was raided as September opened up
Price moved back above old low . We've had a Break in Market Structure to the upside, this tells me as next week opens up we will fill the void that was left as price shot up
and go back up
As shown on chart; our target is a clean resistance level on the Daily Timeframe - residing near an equal high which tells me there are stops residing above there waiting to be targeted
Today, the low was taken and stops were triggered, this tells me that we have entered the final market phase and are ready for price expansion, it's soon upon us
The previous months open price has acted as resistance for EU, failing for price to make a high.
London / NY session short idea - short idea for EU holds as long as Dollar fails to break market structure to the downside
The Weekly open @ 1.22727 created a double bottom after filling a void.
It has take any stops above fridays highs.
As people expect a high to be formed, I'd like for it to sweep the high one more time before coming down for any sell side liquidity
Green line = Weekly Open Price
Price made a low within the previous 2 years, this low holds significance as price swept that low and quickly closed above it.
This tells me we may have have transcended into the bullish market structure shift.
a gap has occured on the 1h equal highs
I'll be looking for a raid of the short term highs into this gap, going into London and a possible drop.
If price fails to make a low, that high can determine the trend for Friday as it can signify a break in market structure