Hello Traders,
EURAUD has traded into a weekly demand order block after sweeping sell-side liquidity (equal lows) however, due to the massive dump in price, the bullish rally will not happen immediately.
This dump created a FVG on the daily timeframe which price could trade into next week and continue to ease the bearish move before the bullish rally begins.
Follow for more updates like this.
Cheers,
Jabari
EURAUD has traded into a weekly demand order block after sweeping sell-side liquidity (equal lows) however, due to the massive dump in price, the bullish rally will not happen immediately.
This dump created a FVG on the daily timeframe which price could trade into next week and continue to ease the bearish move before the bullish rally begins.
Follow for more updates like this.
Cheers,
Jabari