Smart money accumulating their buy positions
📌 EURUSD have been on a consolidation this since the beginning of the week, we didn't see Monday, Tuesday or Wednesday trade lower or higher than the range created, we did not also get a classic weekly profile for this week.
Meaning: in a bullish environment, we would have the low of the week forms likely on Tuesday and rarely on Wednesday. In a case like this whereby we have a consolidation fromonday through Wednesday, the low of the week is definitely going to form on Thursday. this usually happens during news weeks.
Expectation
Since we're bullish on EU, and the smart Money are also preparing to go bullish, I'm expecting a manipulation to the downside of the accumulation of buy orders by the smart money, by doing that, the smart money will be able to pair in their buy positions into the market.
after then I'm expecting price to distribute seeking liquidity above the long time highs on EU..
StefanFX....
📌 EURUSD have been on a consolidation this since the beginning of the week, we didn't see Monday, Tuesday or Wednesday trade lower or higher than the range created, we did not also get a classic weekly profile for this week.
Meaning: in a bullish environment, we would have the low of the week forms likely on Tuesday and rarely on Wednesday. In a case like this whereby we have a consolidation fromonday through Wednesday, the low of the week is definitely going to form on Thursday. this usually happens during news weeks.
Expectation
Since we're bullish on EU, and the smart Money are also preparing to go bullish, I'm expecting a manipulation to the downside of the accumulation of buy orders by the smart money, by doing that, the smart money will be able to pair in their buy positions into the market.
after then I'm expecting price to distribute seeking liquidity above the long time highs on EU..
StefanFX....
Trade active
Trade closed: target reached