I’m holding off on a re-entry as we approach the Flash PMI at 9:45 AM. My bias is that there’s a potential for price manipulation to push higher above buy-side liquidity, taking out the highs before continuing lower. I’m waiting for the PMI release to confirm this idea and get better clarity on the market direction.
Bias: Expecting a possible manipulation higher to take out buy-side liquidity, followed by a continuation lower.
Waiting for Flash PMI to unfold before making any further decisions.
Bias: Expecting a possible manipulation higher to take out buy-side liquidity, followed by a continuation lower.
Waiting for Flash PMI to unfold before making any further decisions.
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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.