EU currently is still in an intraday bullish corrective trend, however on the HTF the market structure is still extremely bearish and I am expecting a massive sell off and potentially new lows to form on the back of the FED interest Rate Decision which is coming on Wednesday.
Now in regards to current PA price is still in the corrective uptrend as mentioned and the previous weekly candle left a wick to fill, there is a unmitigated 4H Order block above the current high that I expect the market to get attracted into. My first area of interest to be monitoring for potential entries is the 4H zone (purple line) I see a potential intraday long from that zone to take out the stops above the high of the previous week and price to come into that 4H supply before we see a massive rollover
Now in regards to current PA price is still in the corrective uptrend as mentioned and the previous weekly candle left a wick to fill, there is a unmitigated 4H Order block above the current high that I expect the market to get attracted into. My first area of interest to be monitoring for potential entries is the 4H zone (purple line) I see a potential intraday long from that zone to take out the stops above the high of the previous week and price to come into that 4H supply before we see a massive rollover
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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.