For the next two weeks, expect high levels of volatility in the marketplace as anytime interest rate announcements happen, wild movements up and down tends to follow up with that.
We will see some form of market structure shift in the following weeks. The question is will it be during China's bank holiday or after when the UK is releasing their interest rate figures....
We will see some form of market structure shift in the following weeks. The question is will it be during China's bank holiday or after when the UK is releasing their interest rate figures....
Trade ativo
Bias is bearish but as mentioned in the analysis, i am forgiving any minor retracements as long as the daily inverted fair value gap @ 108.926 - 108.691 is respected.
Looking out for a draw towards the daily bullish breaker price point.
Nota
The midpoint of the daily bearish FVG has held up with price today retracing up into the upper portion of yesterdays trading range.
Strong indication that the dollar is weak would be for a manipulative run through short-term buy stops, up to 108.794, which also aligns with the daily inverted buyside imbalance sellside inefficiency and bearish order block before tanking, filling in the daily bullish breaker block located @ 106.480 - 105.722.
Nota
Bullish weekly retracement of short term bearish trend.
Dollar has not drawn to a price for me to change my weekly bias.
UK, London
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UK, London
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