Long-term Perspective:
price is moving is rebalancing between two daily FVGs creating a range which why i have too look on lower time frame for a clean draw on liquidity bias.
Intermediate-term Perspective:
BSL is taken into a daily FVG + msb + leaving inefficient price action to the downside.
I look for a lower high to play a possible downside trade.
price is moving is rebalancing between two daily FVGs creating a range which why i have too look on lower time frame for a clean draw on liquidity bias.
Intermediate-term Perspective:
BSL is taken into a daily FVG + msb + leaving inefficient price action to the downside.
I look for a lower high to play a possible downside trade.
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sth to note: The daily is already printing a shoortingstar candle although new york session has not even started yet. This is sometimes a sign that price will take more time till it breaks down.
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Plan B: IF price does not give a lower high I will wait till it takes out the upper BSL
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nice follow through. information in the chart
nice follow through. information in the chart