Good day traders, I’m back with yet another update on EurAud. In the description I will tag my previous setup on EurAud to show you where we are in price and I left the drawings as they were to help you understand price more.
On Monday price opened with that same bullish flow and pushed till the low of the volume imbalance as expected but as we can see that FVG was able to hold price above. From the original setup what price did yesterday was expected Thursday or Friday the latest, so since price did not go for that 1st.PFVG on Monday and Tuesday, we can now expect price to go for that level.
If we take a closer look at that leg higher from that FVG, we have a balanced price range that we can expect price not to respect.
On Monday price opened with that same bullish flow and pushed till the low of the volume imbalance as expected but as we can see that FVG was able to hold price above. From the original setup what price did yesterday was expected Thursday or Friday the latest, so since price did not go for that 1st.PFVG on Monday and Tuesday, we can now expect price to go for that level.
If we take a closer look at that leg higher from that FVG, we have a balanced price range that we can expect price not to respect.
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Related publications
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.