Our last idea was right about ATH :) - looking to see if BTC can continue its run higher after sweeping daily SSL Liquidity and aligning internal timeframes to push higher and higher. Guessing it will be a challenge to break the BSL highs of the ATH, but we can only play with the cards we are dealt (the chart)
so just expecting a continuation higher for PA -...
Price has come super close to ATH and is probably going to continue to hit it. As the market dips before the high, panic sellers start to sell there longs as you get higher and higher out of fear of it moving lower. So pullbacks around these levels are to be expected.
Currently holding the 4H FVG and looking to gain the midpoint of the OB to eventually gain this...
BTC is just continuing to go higher, bullish bias remains until big timeframes start to fade and switch bearish, which they aren't, expecting these next range immediate highs to be targeted, anything past that is up to the Price Action in that moment.
Price has been distributing on the topside, lots of Low Resistance liquidity on the way up, not a lot of re accumulations in valid places, now that we have been distributing and changing structure on the topside of price, a trending move to the downside can be expected on GBPUSD.
NFA
Internal at the end of the day controls what we hold, however to move down i think we need some form of LQ, just about where that happens on the chart, if we keep re accumulating, then the distribution will happen, and it will probably slow PA down, then we get that accumulation and price returns to normal to target the higher draws on LQ that it has.
I think EU Will move short due to the lack of accumulation, overall target is 1.06864 for me, shorts all the way down, when price reaches it then re evaluate for long and short bias.
Lack of accumulation on bottom, so distribution is needed in order to follow shorts to the downside to seek more LQ
In correlation with DXY also, 12M and M showing bullish on DXY
