Context:
Conclusion:
In the short-term, EURUSD might continue higher, targetting the liquidity above the High of the bearish Point of Interest that has already been mitigated.
Not only because it got mitigated but also because we are coming from grabbing all the sell-side liquidity (based on the consolidation), now the price has the potential to seek buy-side liquidity (buy stops) above the old highs.
It either respects today's low and then continues higher
or grabs more liquidity on the sell-side first (below today's low) to then continue higher
This expectation is a framework to look for a potential trading setup. I always wait for confirmations on lower-degree order flows
This Analysis was done using my, complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- Wyckoff
- Etc.
PD: Like (= to "boost") this publication to support my free analyses, which have been bangers so far! :)
- The price has been consolidating on the higher timeframe (It can be appreciated on the 1H chart)
- We are coming from inducing sellers by consistently producing Lower Lows and Lower Highs within this consolidation.
- Today, the price grabbed the liquidity above the Previous Day's High, which led to buyers getting induced and then stopped out when the price quickly reversed, breaking LTF's bullish structures.
Conclusion:
In the short-term, EURUSD might continue higher, targetting the liquidity above the High of the bearish Point of Interest that has already been mitigated.
Not only because it got mitigated but also because we are coming from grabbing all the sell-side liquidity (based on the consolidation), now the price has the potential to seek buy-side liquidity (buy stops) above the old highs.
It either respects today's low and then continues higher
or grabs more liquidity on the sell-side first (below today's low) to then continue higher
This expectation is a framework to look for a potential trading setup. I always wait for confirmations on lower-degree order flows
This Analysis was done using my, complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- Wyckoff
- Etc.
PD: Like (= to "boost") this publication to support my free analyses, which have been bangers so far! :)
Learn how to become a Full Time Trader on SmartMoneyWay.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Learn how to become a Full Time Trader on SmartMoneyWay.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.