Euro / U.S. DollarShort
EURUSD PRICE ACTION STUDY
Updated
I do not see this week expanding, that is my opinion but if it does so then that is what we shall use to make profits.
First, notice that the bulk of the month of April came from the second week of the month and then the third week consolidated. Meaning, after an expansion, a consolidation occurs. Ask yourself this, what comes after an consolidation?
I would like to see price to reach above into the 3rd week's high which is the Weekly FVG and then a reversal to the downside sellside liquidity
If you are a scalper, you could trade the manipulation into the Weekly FVG, day traders like myself should wait for the weekly FVG to be tapped before looking for sells
First, notice that the bulk of the month of April came from the second week of the month and then the third week consolidated. Meaning, after an expansion, a consolidation occurs. Ask yourself this, what comes after an consolidation?
I would like to see price to reach above into the 3rd week's high which is the Weekly FVG and then a reversal to the downside sellside liquidity
If you are a scalper, you could trade the manipulation into the Weekly FVG, day traders like myself should wait for the weekly FVG to be tapped before looking for sells
Trade active
Note
We should see large expansion to the downside soon, price is currently in the weekly FVG and also a Bearish OB if you look carefully. Downside targets soon
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