Hello Guys,
This pair printed a CHOCH on the weekly chart with last week's bearish candle. If you look at my annotations, you will notice that we have sell-side liquidity (equal lows) as a target. Also, you should notice the FVG or Imbalance or Void that price created in the bullish rally.
This FVG is yet to be mitigated and the price might just get there.
I would like to see price retrace to my daily order block and from there, if I get my trade setup, I will go short. It is however unlikely for the price to retrace that far as the bears seem strong but I will still keep this pair on my radar.
Follow me for more updates like this.
Cheers,
Jabari
This pair printed a CHOCH on the weekly chart with last week's bearish candle. If you look at my annotations, you will notice that we have sell-side liquidity (equal lows) as a target. Also, you should notice the FVG or Imbalance or Void that price created in the bullish rally.
This FVG is yet to be mitigated and the price might just get there.
I would like to see price retrace to my daily order block and from there, if I get my trade setup, I will go short. It is however unlikely for the price to retrace that far as the bears seem strong but I will still keep this pair on my radar.
Follow me for more updates like this.
Cheers,
Jabari