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Euro / U.S. Dollar

Oprah inducements?

By Bacon_Bacon_Bacon
Updated
Just notes, in my opinion alot of variations could happen, the biggest being:
Inducement before data releases.
A midweek reversal that induced sellers.

DXY could have a retracement (reacting on HTF -OB)



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8:30 NY could slap me out, form a M or it was the seller inducement
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slapped out. Interested to see how this currently big up candle closes
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NY midnight open could get hit
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2nd sell attempt going okay, seems Buyers were induced, M formation, much more comfortable selling during up candles dureing the data manipulation sweeps. last 30mins of the 4h candle went form looking like a strong bullish candle to FVGs being respected... shall see
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4h snapshot
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15 fvg holding snapshot
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Internet browser decided to have a meltdown whilst I was about to post an update! I won't rewrite everything as it was practically a book!

So just this..
Today or after 1st October this will be answered..
Was this week:
Inducement before data releases.
A midweek reversal that induced sellers.

(excluding todays data releases & the budget bill) My technical opinion is this was a corrective move, Daily has filled inefficiency (fvg) which lines up with the first 4h FVG of the week (which was already tested but left liquidity to target.. can say thats been taken now) this area is also where HTF price reacts around (no the precise number just an area).
This would tie in with buyers induced before data release to drop further but this is just technical theory as theres alot going on Macro & Micro !
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NY minight hold or nah
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Trend Analysis
Bacon_Bacon_Bacon

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