Price has been diverging from previous day. Compared with EURUSD. Therefore, price will seek for the liquidity above current price.
Price signals a crack in correlation, compared with GBPUSD. Therefore, a change in bias is likey to occur, with a confirmed lower time frame swing structure.
Price unfolds a HTF charge in bias, which continues the buy trend from previous day. And there’ a large sum of Liquidity above current price. Therefore, we’ll close today’s price above current price.
price dipped from Midnight open and retraced in London open forming a high in 03:00 - 04:00 AM. Swing structure completed on 5Minutes chart, Retracement to previous high created in London open.
URUSD 16 July 2024; price distributed to lower levels and filled a gap at 1.08722 in New York session and left wicks (order block) after distribution to higher levels. 17 July 2024 in New York session, price drew down from 1.09473 to lower levels (1Hour order block) created on the 16th of July. Equal Lows created on 15 Minutes chart, SMT divergence completed 0n...
Thursday 11 July 2024, price left a gap at 08:00 in New York session due to heavy distribution and traded into a daily order block at 1.30400, on Wednesday 05th of July 2024. price drew down to a Gap, created an imbalance, and the gap did not fill. Equal lows created, Smart Money Divergence in 15 Minutes chart, Failure swing and possible change in bias.