EUR/USD Weekly + Monday Bias
Happy sunday traders,
For next week (14.10 - 18.10), I'm still bearish on price, fundamentally USD has been getting stronger due to uncertainty of the conflict happening in the Middle East.
Technically, price has been respecting a 4H FVG and in equilibrium and I'm expecting price to continue lower into a 1H Orderblock. If price breaks through this orderblock, my next target would be a massive 1H FVG(Imbalance) below.
However, if price were to break above the FVG mentioned, I'm expecting price to go up for a liquidity grab at the swing high, possibly even tapping into a failed OB, to continue lower afterwards.
Happy trading everyone! :)
For next week (14.10 - 18.10), I'm still bearish on price, fundamentally USD has been getting stronger due to uncertainty of the conflict happening in the Middle East.
Technically, price has been respecting a 4H FVG and in equilibrium and I'm expecting price to continue lower into a 1H Orderblock. If price breaks through this orderblock, my next target would be a massive 1H FVG(Imbalance) below.
However, if price were to break above the FVG mentioned, I'm expecting price to go up for a liquidity grab at the swing high, possibly even tapping into a failed OB, to continue lower afterwards.
Happy trading everyone! :)
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