I can see SAXO:EURUSD doing something like this x this week.
We're currently in D1 support, bounce into premium, Wednesday reversal (FOMC) and then down into weekly liquidity.
Dream-play... Anyway, I don't trade HTF but I like to do TA x fun.
M1 is my territory and I love it.
I can see EURUSD sweep the lows x NFP manipulation play, creating a SMT with DXY before reversal.
I don't play HTF, I just do that x fun. I like to predict. Will see if it happens.
DXY looks more bearish than EURUSD bullish imo.
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).