
Euro / U.S. Dollar forum

Goodluck to all of us
Also, from a HTF structural perspective on the weekly, we had previously broken structure to the upside, retraced back to fib levels, and entered a continuation phase up. In effecting the continuation phase up, we had previously seen internal structural shifts to the downside.
Fast forward to the near term in this continuation leg up on the HTF structure, we have yet to see a proper retracement back to fair value in the internal leg up, with price settling on the premium edge of the macro range still, without a decisive break to shift the internal structure back bullish.
Coupled with that liquidation of the previous weekly candle (as discussed earlier) at the 8h HTF supply OB, we could possibly see a LH formed despite the strong presence of bulls. If a LH forms at the 8h HTF supply OB on Monday by COB, we may be in for a bearish move back down for the rest of the week to fair value and/or the discount edge of the HTF range. The demand OB that caused this continuation leg up has not been mitigated after all.
Have a great weekend guys. Remember to spend your weekend analysing and continuously sharpen your edge.
This is breadman demystifying the markets for you. A slice of bread a day keeps the doubts away. I'll see you next week.
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