I still hold a low expectation for the coming week. I have outlined my HTF points of interest on the weekly. As long as the weekly stays in the range price action will be less clear. I still favor a move to the topside as outlined on the 4h but will remain day to day with bias. In these current conditions I will still focus on 1h and 4h liquidity pools combined...
So, I was going back through my loss today and wanted to share where I got it wrong. Buy day was the set up. I did not take into account the level I was buying at was at a premium because I did not have the range framed correctly and I did not target the correct SSL pool for engagement. This is the third week in a row that weekly profile was wrong, but I was...
Last week closed below 0525 which was a key level for me so in the coming week I will be looking for reasons for the market to fall toward 0400. I will focus on price action above buy side liquidity pools. As always Monday open is the least predictable price so market open will need to be considered.
Bullish close of week off HTF sell side liquidity pool. Previous bearish range not supporting further downside imho. Want to see internal range liquidity created for buy opportunity at discount of latest price leg. Invalid if price closed below 0540 on the daily.
October open: looking for monthly candle wick creation. Proceeding cautiously with NFP on Friday. Current trading range not clear atm trading at 50 level. Last weeks rejection candle likely to be inducement for buyers to build sell side liquidity. Waiting for more data but remain longer term bearish EU.