I am expecting EURUSD to rally from 1.12645
From the bigger picture, we tapped into the weekly order block and just broke the high, now the market is coming down to find liquidity before going up again towards 1.1344 at least.
EURUSD
Why I think the entry is around 1.12645 is because the lower low at 1.12740 touched an area with divergence before going up. Lower lows will almost always be violated, I hope to prove that in the trade ideas I will post here. When you hear the term "volume divergence" think of a V, selling power decreases while buying power increases.
Remember to use proper risk management, as we could also break the low at 1.12645 and take liquidity below.
"If you do not see liquidity, you are the liquidity"
From the bigger picture, we tapped into the weekly order block and just broke the high, now the market is coming down to find liquidity before going up again towards 1.1344 at least.
EURUSD
Why I think the entry is around 1.12645 is because the lower low at 1.12740 touched an area with divergence before going up. Lower lows will almost always be violated, I hope to prove that in the trade ideas I will post here. When you hear the term "volume divergence" think of a V, selling power decreases while buying power increases.
Remember to use proper risk management, as we could also break the low at 1.12645 and take liquidity below.
"If you do not see liquidity, you are the liquidity"