EURUSD, DOLLAR FALLING??This is a EURO / DOLLAR chart, We are currently neutral in-terms direction bias for this week. Non-Farm Payroll definitely will be the influential factor to our setup.
Setup Breakdown :
WEEKLY
Price is in the Discount in terms of the weekly range and we have seen the first bullish candlestick in the last 5-6 months.
Note : The Premium - Discount zones further left.
Price in the weekly has traded into the Bullish Orderblock and the 2 weeks ago low has been taken out, hence the bullish candlestick for last week's trading.
DAILY
We have a Swing Low After or during a Turtle Soup.
Accumulation and price trading down to a weekly PD Array + taking out stops, makes it more possible to see a AMD Trade .
two large down candles = Orderblock from the weekly, we measured half of the two last down candles and we identified a CE. Below that we have a Balanced Priced Range/ Bullish FVG.
Price inefficiency (notice the latest continuous up candles, well they have created a price inefficiency, Price needs balance. [Hence our speculation of the EU shorting towards our Bullish/ Daily Discount Arrays
We looking to trade towards the Balanced Price Range (BRP) which is inside the Orderblock
SETUP Expectations
Bullish conditions
Price seeks a PD Array to take out the Buy side liquidity laying above, trading to the Weekly Bearish Orderblock .
Thus confirming our AMD
The BRP / +OB / +FVG are our Points of interest, we look to initiate the longs there, just switch to a 15 Minutes or and look for a valid entry between London Killzone / New York Killzone.
There's a high possibility that this is a NFP Setup
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