During the London session the price took out the yesterday's daily low leaving a lot of buyside liquidity behind. On the New York session the price will shift structure to the upwards targeting those buysides. This expansion will take place after 08:30am NY time.
The price will reach for the equal highs at premium.
1. The price was trapped inside an Oder block shaded yellow but also notice how it was respecting the IFVG which then acts as support. 2. The price is not likely gonna break out the OB and IFVG areas. 3. My bias will depend on lower timeframes but I'm only for buys at this moment. 4. Today is CPI and the dollar is more likely to weaken based on my analysis Thoughts?
1. The price shifted structure on 16758.50 and left a bearish breaker block behind to return to. 2. It looks like it's aiming for the mean threshold of a breaker. 3. Price should respect the zone of a breaker then melt right after that. 4. In order for sells to be valid we need to see the bodies of daily candlesticks respecting the zone. 5. Then after that we go...
The price is aiming for the lower FVG at discount. We might see it even digging deeper into that Order-block's body. This week EURUSD is bearish.