AUDUSD Openin Gap Based Prediction
AUDUSD experienced a stellar growth over Wednesday and Thursday creating daily FVG. Just in the middle of it, there lies NWOG from the last Week of February.
Based on study of post Non-Farm Payrolls here and also on other symbols, I think that first this critical area of inside liquidity will be filled;
An area between two NWOGs is called Event Horizon. Crossing it largely increases the likelihood of reaching the next NWOG, unless it is heavily traded through. We will get there, most likely, today or tomorrow early.
I expect NWOG to be traded through and partially fill the Daily FVG on Tuesday as well as fast news-driven reversal.
Wednesday has no news and will continue Tuesday's trend.
I think we can fully take out liquidity above Payrolls candle on Thursday or Friday;
An alternative here is that the trend ends completely and we don't go back for the Payroll candle's top anytime soon, but its downside either way!
Based on study of post Non-Farm Payrolls here and also on other symbols, I think that first this critical area of inside liquidity will be filled;
An area between two NWOGs is called Event Horizon. Crossing it largely increases the likelihood of reaching the next NWOG, unless it is heavily traded through. We will get there, most likely, today or tomorrow early.
I expect NWOG to be traded through and partially fill the Daily FVG on Tuesday as well as fast news-driven reversal.
Wednesday has no news and will continue Tuesday's trend.
I think we can fully take out liquidity above Payrolls candle on Thursday or Friday;
An alternative here is that the trend ends completely and we don't go back for the Payroll candle's top anytime soon, but its downside either way!
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