Good evening traders
Crazy week with FOMC sweeping all of the liquidity then NFP in the same week!
I think we'll see a buy during Frankfurt open after a 'fakeout' down to lure sellers. There is a large imbalance that should be filled.
100+ pip potential, stretch target is the weekly point of control / zero side imbalance / structure level 1.2512
As always, monitor the price action on the LTF-- M1/M5 for entries.
Following that, we should sell off again-- the reversal is coming, but not just yet !
Good luck for the week ahead
Crazy week with FOMC sweeping all of the liquidity then NFP in the same week!
I think we'll see a buy during Frankfurt open after a 'fakeout' down to lure sellers. There is a large imbalance that should be filled.
100+ pip potential, stretch target is the weekly point of control / zero side imbalance / structure level 1.2512
As always, monitor the price action on the LTF-- M1/M5 for entries.
Following that, we should sell off again-- the reversal is coming, but not just yet !
Good luck for the week ahead
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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.