Manipulation followed by a liquidity grab, then a continuation

I expect a liquidity grab near the 147 level to trigger a temporary bullish move, aiming to take out the buy-side liquidity above 148.167. The Fair Value Gaps (FVGs) are less likely to play a significant role. Price may then reach around 149.322, and once the buy-side liquidity is taken, the overall bearish trend should resume.

Trade active

As expected, at the start of the week (Monday and Tuesday), there was a liquidity sweep on the sell-side near the 147 level. This was followed by a temporary bullish move, targeting buy-side liquidity. The first liquidity level at 148.167 was taken out, and the price continued moving toward the next level at 149.322. Keep a close watch for any early signs of reversal, especially with the upcoming economic events, CPI and PPI.

Expect the bearish movement to resume by the end of the week (Thursday and Friday).

Have a good trading!

hdeus

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hdeus