Preparation for CPI
Clearly there are only three outcomes for this... Price will either go up, down or stay neutral.
Based on current market structure was filled the imbalance at 1.20000, the next area in target in the Bearish OB zone at 1.22200, if thats is broken price will run stops above 1.22700 and perhaps target try to find liquidity above major highs.
We must be aware of how price reacts at the 1.22200. On the other hand this could be the spot where price find reversals after running last weeks highs.
Good Luck...👌🏽
Based on current market structure was filled the imbalance at 1.20000, the next area in target in the Bearish OB zone at 1.22200, if thats is broken price will run stops above 1.22700 and perhaps target try to find liquidity above major highs.
We must be aware of how price reacts at the 1.22200. On the other hand this could be the spot where price find reversals after running last weeks highs.
Good Luck...👌🏽
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