EURUSD - 8-12 July24 weekly plays
1. Monthly chart:
#Is in consolidation phase -
2. Weekly chart - a. Volume Imb @1.07388 levels
3.next week major news events are only from wed night till friday Core CPI Data
8-12th July
Scenario -1:
a. If Monday Price pips up to weekly OB @1.08460 levels then we see retracement to Daily FVG.(63.3) pips play
b. If that paly out then & the we can expect PA to head lower to cover the weekly vol imbalance @ 1.07388 levels(102.6) pips move.
Scenario -2:
a. If Monday Price pips up to weekly OB @1.08460 levels and head higher to the daily OB @ 1.08677 levels which would be just then 21.1 pips higher.
b. then we turn bearish to see retracement to Daily FVG.(63.3) pips play & we can expect PA to head lower to cover the weekly vol imbalance @ 1.07388 levels(102.6) pips move.
Fib Retracement levels also brings confluence to above scenarios
#Is in consolidation phase -
2. Weekly chart - a. Volume Imb @1.07388 levels
3.next week major news events are only from wed night till friday Core CPI Data
8-12th July
Scenario -1:
a. If Monday Price pips up to weekly OB @1.08460 levels then we see retracement to Daily FVG.(63.3) pips play
b. If that paly out then & the we can expect PA to head lower to cover the weekly vol imbalance @ 1.07388 levels(102.6) pips move.
Scenario -2:
a. If Monday Price pips up to weekly OB @1.08460 levels and head higher to the daily OB @ 1.08677 levels which would be just then 21.1 pips higher.
b. then we turn bearish to see retracement to Daily FVG.(63.3) pips play & we can expect PA to head lower to cover the weekly vol imbalance @ 1.07388 levels(102.6) pips move.
Fib Retracement levels also brings confluence to above scenarios
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