I switched my analysis to GlobalPrime charts as they're the most similar to my broker feed (ICMarkets, hopefully someday we get that on TV too).
Anyway, I can see this mid term idea playing out, another push to vol imbalance and down to liquidity of big figure 1.18.
OANDA:EURUSD weekly closed pretty bad x bulls.
I’m not big fan of weekend analysis because if my bias are wrong then I take too many counter flow trades and things can end up badly but this time weekly closed so clear that I can’t ignore it. I think we go x 1.18 in the next days. Big fvg were left behind on D1, so every rally should be x sells . Have a nice...
While EURUSD D1 raided last week high and closed below, I still feel that bullish momentum it's not over.
DXY closed clearly below D1 market structure and it's a continuation sign.
So for EURUSD I can see a retrace into H1 fvg and a possible LTF setup inside the breaker.
Also that equal high engineered at 1.2167 are looking suspicious (imo).
This strong breakout it’s the sign of some rally relief (imo).
TGIF x those who knows the concept, it’s the wick of the weekly.
I can see that H4 fvg reached. Will chase longs if oportunity presents.
FX:EURUSD bearish order flow confirmed.
D1 ms just broke down and even this tiny bounce (due possibly to S/R flip) is not convincing.
In my opinion we need to deep a bit more before any significant reversal….