After last weeks -1.84% sell off into 104.522, it’s expected for price action to trade within a rangebound state, as accumulation needs to take place in order for the next draw of liquidity to be attacked.
Although the majority of the week has been bullish, Thursday saw significant selling pressure, booking at the weekly EQ @ 105.212 before reacting to the upside at an array that was premeditated.
Economic Calendar
Monday - 1 Red Folders, 1 Gold Folder
Tuesday - 4 Red Folders, 1 Gold Folder
Wednesday - 7 Red Folders, 0 Gold Folder
Thursday - 3 Red Folders, 5 Gold Folders
Friday - 0 Red Folder, 3 Gold Folders
Dollar index still trading 3/4 into the weekly fair value gap and i would like to see the highest displacement FVG attacked @ 105.741 with pending buystops also in the crosshairs @ 105.897
Although the majority of the week has been bullish, Thursday saw significant selling pressure, booking at the weekly EQ @ 105.212 before reacting to the upside at an array that was premeditated.
Economic Calendar
Monday - 1 Red Folders, 1 Gold Folder
Tuesday - 4 Red Folders, 1 Gold Folder
Wednesday - 7 Red Folders, 0 Gold Folder
Thursday - 3 Red Folders, 5 Gold Folders
Friday - 0 Red Folder, 3 Gold Folders
Dollar index still trading 3/4 into the weekly fair value gap and i would like to see the highest displacement FVG attacked @ 105.741 with pending buystops also in the crosshairs @ 105.897
