EURUSD christmas
on the weekly we created a higher high, and even is if not body above wick for me this is valid; daily too has a higher high and then a indecision candle which left an imbalance below it, but we are on a strong supply zone and is normal to get some rejection here.
in the the daily imbalance (blue line) we have a strong H4 demand zone that broke previous daily highs and a H1 imbalance just above it (below asia low that hasnt been taken) and last H4 demand with lots of $$$ underneath it. i see this last h4 demand as a buyng climax that will be liquidated before continuing going up.
I see a lot of confluences so this is my best zone to wait for price to retrace into and then make an other higher high, breaking through the supply and keep collecting daily highs with $$$ (red lines)
even tho theres a huge H4 imbalance below, i dont see price going there because at higher timeframe everything is very balanced and i dont see any reason to come back there for now, so as long as this demand in the daily imbalance area holds, my bias is very bullish. we also had PCE friday that confirmed inflation coming down which is sign of weakess for the dollar in the long term.
have a nice christmas everyone and hopefully you get some nice pips as present 🎁
in the the daily imbalance (blue line) we have a strong H4 demand zone that broke previous daily highs and a H1 imbalance just above it (below asia low that hasnt been taken) and last H4 demand with lots of $$$ underneath it. i see this last h4 demand as a buyng climax that will be liquidated before continuing going up.
I see a lot of confluences so this is my best zone to wait for price to retrace into and then make an other higher high, breaking through the supply and keep collecting daily highs with $$$ (red lines)
even tho theres a huge H4 imbalance below, i dont see price going there because at higher timeframe everything is very balanced and i dont see any reason to come back there for now, so as long as this demand in the daily imbalance area holds, my bias is very bullish. we also had PCE friday that confirmed inflation coming down which is sign of weakess for the dollar in the long term.
have a nice christmas everyone and hopefully you get some nice pips as present 🎁
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