#EurUsd - Observation May 31, 2024
Friday prices closed within the Monday's range (red trendlines) and furthermore, within the first H4 candle of the trading week, opening 2024-05-26 (Green rectangle box)
Anticipating - Distribution move higher
- Price rejecting lows and breaking highs
- down closed candles supporting price higher
- price started disrespecting bearish PD arrays.
................
- lower prices to open the week
- mitigate the OB
Friday prices closed within the Monday's range (red trendlines) and furthermore, within the first H4 candle of the trading week, opening 2024-05-26 (Green rectangle box)
Anticipating - Distribution move higher
- Price rejecting lows and breaking highs
- down closed candles supporting price higher
- price started disrespecting bearish PD arrays.
................
- lower prices to open the week
- mitigate the OB
Trade closed: target reached
Targe Reached
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.
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.