If the last candles wick (A) is about the C.E. of the next candle (B) and we are bearish. The next candle (C) should not even come to C.E. of the wick.
After hitting the big round number 1.10 EURUSD is looking for Sellside Liquidity. For the next Weeks I am expecting EURUSD to gravitate towards that old low. Interesting how price reacted to the Weekly opening gap, which I outlined in my last posting as magnet for price - thats right there is the real support and resistance area.
After taking buystops Smartmoney is looking for the Retail Traders sellstops.
After piercing through Fridays Opening Price, the Weekend Gap is the next magnet for price.
On the Daily Chart EURUSD reacted from the High of the candle on 30.12.2022. Ideally we take out the sell stop orders at the 15min lows at 3:00 am and 3:45 am NYT. Partial Target at 1.0780 Final Target 1.080 By viewing any material or using the information within this plattform you agree that this is general education material and you will not hold...