Ive been studying the charts all day and i noticed a few people made the same mistake I did, The “bullish FVG” in the 1.088 area is cap because it was invalidated by the bearish reversal so its still possible we could run still to the upside and i have pending orders to the upside in case this happens but if the price does hit the 1.088 area as noted on the chart the price will still drop to support and to the priorty FVG.
Since the DXy is in a mini downtrend its quite possible the price can rise to 1.09 before another bearish continuation. Before falling to the 1.065 area. But with tarrifs in play it seems more reasonable for the price to decline overall before another rally to 1.15 or higher, But I think the market is very unsure that’s why we were bearish on Friday close
Personally a continued uptrend makes sense, but it really wouldn’t be much of a rally, because there’s no FVGS to clear to the upside there is only bearish FVGS rn.
With “liberation day” coming the last time we had tarrifs announcements the market dropped like 1500-2000 points before a sustained rally. That day the price literally had no chance to recover, it only recovered after a fall to support. So its possible history could repeat itself and the market could literally just dump or have another liquidity grab before up again.
Since the DXy is in a mini downtrend its quite possible the price can rise to 1.09 before another bearish continuation. Before falling to the 1.065 area. But with tarrifs in play it seems more reasonable for the price to decline overall before another rally to 1.15 or higher, But I think the market is very unsure that’s why we were bearish on Friday close
Personally a continued uptrend makes sense, but it really wouldn’t be much of a rally, because there’s no FVGS to clear to the upside there is only bearish FVGS rn.
With “liberation day” coming the last time we had tarrifs announcements the market dropped like 1500-2000 points before a sustained rally. That day the price literally had no chance to recover, it only recovered after a fall to support. So its possible history could repeat itself and the market could literally just dump or have another liquidity grab before up again.
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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.