EURCHF: This week directional bias seeking sellside liquidity
EURCHF has just purged a buyside liquidity pool, and I'm expecting price to trade lower to fill in the sellside inefficiency below.
Confluences:
1. We have a short term equal low that formed a on the four hour TF after the inefficient price delivery in the most concluded bullish price leg. I'm looking forward to see price trade lower to seek liquidity below the lows this wee.
2. we just had a liquidity purge, but we haven't seen the smartmoney edge, meaning (Take out their existing long position to go short). I'm looking for the high of the week to definitely form by taking out the short term high created after the purge.
3. After the smart money edge, I'm expecting a displacement to the downside, there I'll be capitalizing on any premium P.D-Arrays to short the market.
Conclusion:
EURCHF directional bias for this week is bearish, taking short opportunities likely to be is highly probable than longs for the week.
StefanFX
Confluences:
1. We have a short term equal low that formed a on the four hour TF after the inefficient price delivery in the most concluded bullish price leg. I'm looking forward to see price trade lower to seek liquidity below the lows this wee.
2. we just had a liquidity purge, but we haven't seen the smartmoney edge, meaning (Take out their existing long position to go short). I'm looking for the high of the week to definitely form by taking out the short term high created after the purge.
3. After the smart money edge, I'm expecting a displacement to the downside, there I'll be capitalizing on any premium P.D-Arrays to short the market.
Conclusion:
EURCHF directional bias for this week is bearish, taking short opportunities likely to be is highly probable than longs for the week.
StefanFX
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