EUR/USD Weekly + Monday Bias
Happy sunday traders,
For next week (14.10 - 18.10), I'm still bearish on price, fundamentally USD has been getting stronger due to uncertainty of the conflict happening in the Middle East.
Technically, price has been respecting a 4H FVG and in equilibrium and I'm expecting price to continue lower into a 1H Orderblock. If price breaks through this orderblock, my next target would be a massive 1H FVG(Imbalance) below.
However, if price were to break above the FVG mentioned, I'm expecting price to go up for a liquidity grab at the swing high, possibly even tapping into a failed OB, to continue lower afterwards.
Happy trading everyone! :)
For next week (14.10 - 18.10), I'm still bearish on price, fundamentally USD has been getting stronger due to uncertainty of the conflict happening in the Middle East.
Technically, price has been respecting a 4H FVG and in equilibrium and I'm expecting price to continue lower into a 1H Orderblock. If price breaks through this orderblock, my next target would be a massive 1H FVG(Imbalance) below.
However, if price were to break above the FVG mentioned, I'm expecting price to go up for a liquidity grab at the swing high, possibly even tapping into a failed OB, to continue lower afterwards.
Happy trading everyone! :)
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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.