EURUSD 13th June pre NY
Fibre
15m chart is very interesting, if we consider it is mechanically making a demand chain, the next draw on liquidity is the daily buyside.
Post CPI, we should look to see if there is an obvious demand to trade from.
I will be looking to see if price can trade to the M15 flip marked out which is lower than the daily opening price offering really good discount for large institutes.
No limits are set before the news, just my observations as CPI can cause extreme volatility.
Should the price drive lower before the news and below previous days high, we should look for the extreme H4 demand zone, or a sweep of this will be ideal for longs if the price retraces inside the range.
15m chart is very interesting, if we consider it is mechanically making a demand chain, the next draw on liquidity is the daily buyside.
Post CPI, we should look to see if there is an obvious demand to trade from.
I will be looking to see if price can trade to the M15 flip marked out which is lower than the daily opening price offering really good discount for large institutes.
No limits are set before the news, just my observations as CPI can cause extreme volatility.
Should the price drive lower before the news and below previous days high, we should look for the extreme H4 demand zone, or a sweep of this will be ideal for longs if the price retraces inside the range.
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