Starting off with a topdown perspective of Cable and we can see that the sellside imbalance buyside inefficiency has been balanced with todays price action but the weekly order block located @ 1.26479, although partially rebalanced, there’s a chance price action could be repriced to and through the order block but that also means that dollar will need to continue selling off, shifting in market structure.
Unlike the stock index futures market, Cable has see clean delivery, with bullish price action throughout the week. There is a BISI located between last Monday - Wednesday price action which, if Dollar appreciates in value, I can expect Cable to sell-off into that region but not something that I ideally would like to see as we are trading above the daily FVG created on Friday 12th.
Unlike the stock index futures market, Cable has see clean delivery, with bullish price action throughout the week. There is a BISI located between last Monday - Wednesday price action which, if Dollar appreciates in value, I can expect Cable to sell-off into that region but not something that I ideally would like to see as we are trading above the daily FVG created on Friday 12th.
Slow and steady , at times wins the race