EURUSD Wednesday Jan29 Analysis
EURUSD
Wednesday Jan29 analysis
In Asia price is in a premium. Price pushes to the buy stop liquidity.
London-Expecting lower prices at 2 London macro price hits the mog and seeks sell side liquidity from Tuesday. This an obvious move, in premium took buy side and has the equal lows for target to head to a discount. This candle formation is low resistance run on stops and FVG.
Range box is 13 pips
2 macro to 3 run is 26 pips
4 macro Price bounces back up to the 50 level sets up for 4 macro to 5 price lower another 27 pips.
With clear target and understanding the retracement levels and holding with partials I can build tolerance to trust price to hold longer in low resistance conditions.
NY session-5 to 8 consolidates, fake run at 8, price is in a deep discount. 9 macro price comes up to the 50 level by 10:30. 9:15 to 10:30 27 pips to the FVG.
-Note that price rebalanced the intraday FVG created in London for price to rebalance in NY.
-Note the event horizon was the magnet for price at the 8 macro.
-Note that price lowered to the CE of the FVG at 8 before the 9 macro.
Wednesday Jan29 analysis
In Asia price is in a premium. Price pushes to the buy stop liquidity.
London-Expecting lower prices at 2 London macro price hits the mog and seeks sell side liquidity from Tuesday. This an obvious move, in premium took buy side and has the equal lows for target to head to a discount. This candle formation is low resistance run on stops and FVG.
Range box is 13 pips
2 macro to 3 run is 26 pips
4 macro Price bounces back up to the 50 level sets up for 4 macro to 5 price lower another 27 pips.
With clear target and understanding the retracement levels and holding with partials I can build tolerance to trust price to hold longer in low resistance conditions.
NY session-5 to 8 consolidates, fake run at 8, price is in a deep discount. 9 macro price comes up to the 50 level by 10:30. 9:15 to 10:30 27 pips to the FVG.
-Note that price rebalanced the intraday FVG created in London for price to rebalance in NY.
-Note the event horizon was the magnet for price at the 8 macro.
-Note that price lowered to the CE of the FVG at 8 before the 9 macro.
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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.