EURUSD: Direction bias for the week!!!
Updated
EU has just given us a sign of institutional backing on the bullish side, and that was the market structure shift (MSS) that happened on the daily TF last week.
We had a failure swing point to go lower below the previous low and that was the smart money trapping more sellers, they finally displaced above the short term high formed.
now we have a high probability bullish bias for the week.
Confluences:
📌. After the displacement above the short time high created on the daily TF last week, we have price left a fvg.
📌. IPDA, currently repricing to go higher for the week by trading from premium to discount P.D-Array matrix where they'll be looking to long on EU.
📌. Today is tuesday, and we're likely to create the low of the week today cause price has now traded into the discount of the previous bullish price swing on daily, and has also filled In the fvg In the discount.
📌. looking for the smart money to engineer liquidity below the previous day low today and see them buy into a premium PD-array as an expansion for the larger time frames.
📌. Targeting liquidity pools above the old high and equal highs above.
📌. we now have the buyside open float, which means the smart money has shifted their interest to be bullish.
Conclusion:
We have an order block as shown in the image, we're going to see smartmoney manipulate into that.
The bias for this week is bullish, looking for long opportunities is likely to be more probable than the shorts.
StefanFX.....
We had a failure swing point to go lower below the previous low and that was the smart money trapping more sellers, they finally displaced above the short term high formed.
now we have a high probability bullish bias for the week.
Confluences:
📌. After the displacement above the short time high created on the daily TF last week, we have price left a fvg.
📌. IPDA, currently repricing to go higher for the week by trading from premium to discount P.D-Array matrix where they'll be looking to long on EU.
📌. Today is tuesday, and we're likely to create the low of the week today cause price has now traded into the discount of the previous bullish price swing on daily, and has also filled In the fvg In the discount.
📌. looking for the smart money to engineer liquidity below the previous day low today and see them buy into a premium PD-array as an expansion for the larger time frames.
📌. Targeting liquidity pools above the old high and equal highs above.
📌. we now have the buyside open float, which means the smart money has shifted their interest to be bullish.
Conclusion:
We have an order block as shown in the image, we're going to see smartmoney manipulate into that.
The bias for this week is bullish, looking for long opportunities is likely to be more probable than the shorts.
StefanFX.....
Trade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.