The initial reaction on LON open was a strong bearish push and I do expect price to retrace to either :
- Retest the trend line
or
- Retest Level 0.72500
Extra Confirmations: Bearish Candlestick rejection/Structure/MA Crossover/MA Retest
The target would be the previous low (Order Block + Level 0.72000 and Liquidity zone) & Possibly Lower
Suggested to wait a little longer before entering any positions as Session open may bring in a higher level of volatility and liquidity grabs.
Happy Trading!
- Retest the trend line
or
- Retest Level 0.72500
Extra Confirmations: Bearish Candlestick rejection/Structure/MA Crossover/MA Retest
The target would be the previous low (Order Block + Level 0.72000 and Liquidity zone) & Possibly Lower
Suggested to wait a little longer before entering any positions as Session open may bring in a higher level of volatility and liquidity grabs.
Happy Trading!
Kommentera:
Also look on the strength of the USD using the DXY