High Impacting data
Updated
Usually with high impacting data releases a manipulation to induce buyers/sellers happens.
This can be X amount of pips above below retail support/resistance.
Mapping liquidity on the chart.. no all key POI's are on this chart just for the sake of having too much on one chart.
Still within Macro retail trend.
Broke Micro retail trend last week, thursday W formation low of week.
Now have the new micro retail trend forming .
Im not going to say price is going to do this, that & the other.. nobody knows what will happen! stance is react not predict.
This can be X amount of pips above below retail support/resistance.
Mapping liquidity on the chart.. no all key POI's are on this chart just for the sake of having too much on one chart.
Still within Macro retail trend.
Broke Micro retail trend last week, thursday W formation low of week.
Now have the new micro retail trend forming .
Im not going to say price is going to do this, that & the other.. nobody knows what will happen! stance is react not predict.
Comment
going by FVG's seems we are heading down... data could change this theory.Candle closes below the 50% of an fvg usually mean the FVG won't hold & with a retest to the 50% CE level holding would have been great if data release wasn't around the corner
Comment
induced both buyes and sellers.No displacement yet... currently sweeping London highs, if there is no displacement then its a sweep of BSL so in theory next we will have SSL as next draw on liquidity
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NY 8:30am opening candle price holding as support... once we break it should just flow
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