EU: The bullish scenario

Thursday brought an "unexpected" downside expansion. In unexpected I mean that I anticipated the March 8 high to be taken too.

If price is still bullish and wants to expand toward the monthly draw on liquidity, I anticipate the above scenario to play out. If we see closures inside the fair value area (below the equal lows) I'm no longer bullish. Price has offered there fair value once, and if the bias is right, it should not spend much time there.

Bigger movements will likely happen on March 24. Manipulation movements could happen on Tuesday or Wednesday.

Ok be safe byyyyy

Comentário:

Didn't like the 4h closure, but if you take a look at the daily chart, the closure there is pitch perfect. The fair value area in the 4h chart is a Daily order block. Price did not closed inside that ob. Targets are clear, let's see how it plays out.

OK be safe byyyy

Comentário:

Oh and almost forgot. It looks sketchy why EU did not created the low of the week during FOMC. Why EU left Tuesdays low? Look at DXY at compare those days( SMT). This is why inter market analysis is important.

That's all byyyy

Comentário:

Idea is invalidated, we are clearly bearish until 1.07958.