Multi-Timeframe Market Outlook
3-Month (3M) Timeframe
• Price broke below key psychological/liquidity level at 1.2100 in Q3 2022, reaching 1.0500, where significant bullish order flow was triggered.
• Bullish momentum brought price back above 1.2100, but lacked strength to reach next liquidity zone at 1.3900.
• After retracing to collect orders at 1.2100 again, price advanced to 1.3400, met resistance, and returned to 1.2100.
• Recent price action shows a break above 1.3400, signaling renewed bullish intent and momentum toward higher targets.
Monthly Timeframe
• Fully aligned with the 3M structure; no additional significant divergences to note.
• Continuation of higher timeframe bullish structure remains intact.
Weekly Timeframe
• Last week, price broke and closed above major resistance at 1.3400 with strong bullish momentum.
• Next liquidity target: 1.3650.
• Price consolidated below 1.3400 for 4 weeks, suggesting accumulation of bullish orders.
• Current retracement likely a pause to collect more orders before resuming towards 1.3650.
Daily Timeframe
• Strong order flow observed at 1.3150, followed by consolidation between 1.3250 – 1.3300 before breaking 1.3400.
• Price has retraced ~100 pips since yesterday, likely seeking a liquidity zone.
• 1.3400 remains the key level to monitor for renewed bullish interest and continuation toward 1.3650.
4H Timeframe
• Notable bullish order block formed at 1.3400, resulting in nearly 200-pip upside.
• Price appears to be retracing to this region, likely to collect more buy-side liquidity before another leg up.
• Confluence across timeframes suggests strong bullish bias if price holds above or reclaims 1.3400.
My thesis is long but I am very mindful of FOMC minutes today and I am waiting to see the impact that it will have on price action.
3-Month (3M) Timeframe
• Price broke below key psychological/liquidity level at 1.2100 in Q3 2022, reaching 1.0500, where significant bullish order flow was triggered.
• Bullish momentum brought price back above 1.2100, but lacked strength to reach next liquidity zone at 1.3900.
• After retracing to collect orders at 1.2100 again, price advanced to 1.3400, met resistance, and returned to 1.2100.
• Recent price action shows a break above 1.3400, signaling renewed bullish intent and momentum toward higher targets.
Monthly Timeframe
• Fully aligned with the 3M structure; no additional significant divergences to note.
• Continuation of higher timeframe bullish structure remains intact.
Weekly Timeframe
• Last week, price broke and closed above major resistance at 1.3400 with strong bullish momentum.
• Next liquidity target: 1.3650.
• Price consolidated below 1.3400 for 4 weeks, suggesting accumulation of bullish orders.
• Current retracement likely a pause to collect more orders before resuming towards 1.3650.
Daily Timeframe
• Strong order flow observed at 1.3150, followed by consolidation between 1.3250 – 1.3300 before breaking 1.3400.
• Price has retraced ~100 pips since yesterday, likely seeking a liquidity zone.
• 1.3400 remains the key level to monitor for renewed bullish interest and continuation toward 1.3650.
4H Timeframe
• Notable bullish order block formed at 1.3400, resulting in nearly 200-pip upside.
• Price appears to be retracing to this region, likely to collect more buy-side liquidity before another leg up.
• Confluence across timeframes suggests strong bullish bias if price holds above or reclaims 1.3400.
My thesis is long but I am very mindful of FOMC minutes today and I am waiting to see the impact that it will have on price action.
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.