innocentbongani84

EURUSD in preparation for a drop ahead of NFP

Kort
FX:EURUSD   Euro / USA-dollar
On H4 I have been able to spot an uptrend where the market has made two successive touches above, as it continued breaking higher highs enticing traders to further enter with their stoplosses on the lower lows it has created that is where liquidity lies. However on my hourly POI I have been to been able to spot Liquidity on EQUAL HIGHS created between 6 April2022-22 April2022, Continuing further I see a falling wedge being created which may seem like it has broken out below but notice our POI that was created around 20 Jan 2023 where buyers where in full control, I see it as market maker enticing traders to join the breakout while its intended direction is to tap on this POI and rally shortly shortly to our above main POI then a drop.
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