EURUSD Pattern Formation
This pair just touched, rebounded and closed above the Weekly FVG(BISI to be precise) and based on last weeks prediction, I anticipated that it might sweep the liquidity,but did not manage.
However, I do anticipate that we might be targeting the 2023 Yearly Low at 1.0455, so that we can cover the yearly FVG that "might form" between 2023 and opening of 2025. Remember that our overall target is 1.127.
For the entry points, we will wait for the market retract down a little bit (at around the FVG / 1.026 - 1.027) so that we can have an entry.
Target - 1.0455, Sl - 1.022 and entry at 1.027.
However, I do anticipate that we might be targeting the 2023 Yearly Low at 1.0455, so that we can cover the yearly FVG that "might form" between 2023 and opening of 2025. Remember that our overall target is 1.127.
For the entry points, we will wait for the market retract down a little bit (at around the FVG / 1.026 - 1.027) so that we can have an entry.
Target - 1.0455, Sl - 1.022 and entry at 1.027.
Note
Time for a sell.Note
Sl at 1.038, Target at 1.024
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Related publications
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.