Looking for a buy hold till the end of the week on AJ, if it gets filled
Looking for a bigger release from this overall range, there can still be bid in the range that stands in the way and this level may not hold but if it does play out the potential move is large.
Looking at this 1800 area as having potential bid inventory still. Gonna wait for it to grind it out and potentially enter a buy, may take a couple of hour candles to work the area.
If this run continues it may not need much inventory to offset its flows, an extension towards 1.36 may be enough to generate a fill back to the start of the accumulation.
Looking to enter a buy at 1.3220 or so. Sit on it and see what happens, fairly tight stop on this one
If price doesn't fill the last swing and runs back towards 1.45, it can be a potential sell depending on how it works its way there. I'm my view the sell flows seem a bit stronger and that position can be held longer, but one step at a time.
I'm no expert but if I was holding a short position from the top of this run I may consider at least scaling out because the shift looks like it may be in
Anything can happen but this is my current anticipation of potential scenarios. Only using this for corelating analysis.
Price can still continue lower of course if offer flows start to pick up, but the flip has already occurred and the potential for drawing back towards 1.38 exists in my view. Its a matter of how flows in either direction deal out inventory to determine trades.
The last selling run looking like it doesn't have enough flow to keep going, may need to reach higher. It looks like it may release very quickly but will hopefully still give some extensions lower for an entry.
Just a view towards the potential for the last bull run on EN to full back its swing. Going to track for potential trades within this scenario.
A small long looking for 30 pips or so. We're responding still the pockets of bid within the current run and price hasn't fully filled the previous larger offer void.
This selling move is fairly extended at this point but I'm thinking there is still potential for the run to hold bellow the accumulation of the overall range.
Price seems to have slowed down the selling pressure and has left a void that may get filled back to it's release fractal before it decides to continue lower.
Price is contracted coming at the start of a new month. Liquidity is drawn away, opening up the potential for a larger move. I'll take the risk incase the last few hours of this week result in a rally back to pick up offers. In my view the last move up needed to keep going because the the nearer bid pools look drained.