First low of August was raided as September opened up & Price moved back above old low . We've had a Break in Market Structure to the upside, this tells me as next week opens up we will fill the void that was left as price shot up and go back up
Price moving in a horizontal direction Hitting stoplosses below. wait for a clean break out and buy
As shown on chart; our target is a clean resistance level on the Daily Timeframe - residing near an equal high which tells me there are stops residing above there waiting to be targeted Today, the low was taken and stops were triggered, this tells me that we have entered the final market phase and are ready for price expansion, it's soon upon us
GBP USD has left a void on the Monthly timeframe to be filled by price, we will be targeting the low of the candle residing next to it, I will explain further in next post of Daily timeframe
The previous months open price has acted as resistance for EU, failing for price to make a high. London / NY session short idea - short idea for EU holds as long as Dollar fails to break market structure to the downside
The Weekly open @ 1.22727 created a double bottom after filling a void. It has take any stops above fridays highs. As people expect a high to be formed, I'd like for it to sweep the high one more time before coming down for any sell side liquidity Green line = Weekly Open Price
Preferably I'd like to see that high get raided, going into Tuesday 10 September. Price falling back below resistance indicates we may see the void get filled below this week's open price at 131.058
In this chart I demonstrate why certain candles holds significance and can be crucial to entering the market when they get re-tested
As price closed successfully on the weekly time frame above previously mentioned old low, I point out equal highs where MM's will target as there's liquidity residing above that high.
Price made a low within the previous 2 years, this low holds significance as price swept that low and quickly closed above it. This tells me we may have have transcended into the bullish market structure shift.
Dollar a gap has occured on the 1h equal highs I'll be looking for a raid of the short term highs into this gap, going into London and a possible drop. If price fails to make a low, that high can determine the trend for Friday as it can signify a break in market structure
DOLLAR Price has taken out the Daily high's and has a made a yearly High. I'll be adjusting my analysis as price moves along and I'll be looking for a short idea pre-nfp if price moves below 98.14