at the moment
EURUSD
had failed to break major high and major low, but seems to take on a change of character in the process of a liquidity sweep towards the most recent order block. This could result in a brief range, or choppy market for an unknown amount of time, so I will be waiting until the market clears up before placing any trades. Higher timeframes such as the daily timeframe suggests a potential bearish momentum accumulation, but I will wait for further confirmation before placing a label on the market sentiment. Market activity is said to pick back up to normal volatility next week as there is a news event Jan 3rd.
Also, please do not take my ideas, or anyone else's ideas as financial advice. Most of the time it is a strategy on trying to win a guessing game.
EURUSD
had failed to break major high and major low, but seems to take on a change of character in the process of a liquidity sweep towards the most recent order block. This could result in a brief range, or choppy market for an unknown amount of time, so I will be waiting until the market clears up before placing any trades. Higher timeframes such as the daily timeframe suggests a potential bearish momentum accumulation, but I will wait for further confirmation before placing a label on the market sentiment. Market activity is said to pick back up to normal volatility next week as there is a news event Jan 3rd. Also, please do not take my ideas, or anyone else's ideas as financial advice. Most of the time it is a strategy on trying to win a guessing game.
Comment:
Back from break, turns out the market had an MSS and is now downtrending.