We are in a consolidation, and we are in deep discount on the Daily and Weekly ranges. Looking to take the hourly Buyside liquidity because of that previous break of structure to the upside. Bullish fair value gaps and one of them being a breakaway gap. News is tomorrow morning for the USD. Hopefully we can get some movement to the upside...
As we approach the premium side of the current range, I noticed a FVG on the Daily chart. We are coming from taking Buyside Liquidity and i believe we are going to head for the lows. Im aiming for the 50% of the FVG to get in the sells off the daily chart!
I see that we recently took a high and we have two bullish FVGs below price. I would like to see the higher FVG get repriced and then move to the upside going towards the Daily Breaker Block within the Bearish FVG to send price lower...
I looked on the daily time frame and I see we are coming from a reversal and what I would like to see is price rushing to the FVG coupled with the Order Block and ride back up to the highs going from internal range liquidity to external range!
We have taken sell side liquidity and headed up above the 50% of the swing. Price is now retracing to the OB on the higher time frame gearing for a strong move to take buyside liquidity. I believe it will continue bullish after this retracement down.
As we took liquidity from the upside, I see a rush going towards sell side liquidity, trapping the buyers taking them back to the 50% of the range. I could be wrong but that would create the SMT divergence to the sell side driving the DXY higher as anticipated going for those equal highs to the left on the Daily chart.
Fundamental, the US economy is falling and...
Took out sell side liquidity and now i believe it will attack buyside. Price broke structure and retraced below equilibrium into a FVG gearing to go higher.
