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Bias remains the same, looking for the EQHs to be the next draw on liquidity. Bullish weekly fvg has formed for a potential POI for further upside.
The two POI’s to watch for this week is the daily fvg or the weekly fvg(PWL) for reversals for further upside.
Bearish bias remains the same, Looking at PML for next short term DOL, and 2024 & 2023 yearly lows for HTF DOL objectives.
I would like to see a raid on PWH for inducement before going low towards the HTF DOL.
The weekly bullish orderblock has been reached but based on my DXY bias I am still bearish on GU for lower prices especially with that weak weekly close.
Looking at this daily fvg for potential bearish POI for shorts. It’s possible an SMT divergence could occur with EU taking out PWH and GU holding this bearish daily fvg.
Thank you for reading this article. From the CFT team we wish you a happy week and good trades. This article should not be taken as an investment recommendation but in an educational and formative way.
Written by Dangstrat
X: https://x.com/Dangstrat
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