The market is moving within a bearish structure, with a clear break of structure (BOS) and a fair value gap (FVG) forming as price retraces. My focus is on the reaction area (swing low) around 1.21596. If the price breaks lower, I anticipate a continuation to the downside, targeting levels near 1.20984 and beyond. Patience is key as I wait for confirmation in this setup!
The price is currently hovering around a daily imbalance level near 1.025, which could lead to two potential scenarios. If the market respects this imbalance, I’ll be looking for long opportunities, anticipating a bullish move toward the 1.03542 (high of the CPI manipulation). On the other hand, if the market invalidates the imbalance, I’ll shift my focus to short...
Market Structure and Key Zones 1. Liquidity Zone (LIQ): - Highlighted at the top where stop-loss orders are potentially clustered. This area serves as a liquidity pool for smart money to target before reversing the price. 2. Change of Character (CH): - Identified in multiple zones, indicating a shift from bullish to bearish momentum. The initial CH is key to...