Currently, our focus is on the volume profile's left side, where a single print and volume imbalance are evident. We're maintaining our position behind the daily fractal to avoid altering the market structure. It's our belief that market makers might be targeting the high liquidity zone around 1.0672, but this is just a theory. Furthermore, we find ourselves in a consolidation phase below resistance. This pattern is typically quite bullish. There's no need to rush; we should patiently wait for signs of structural weaknesses on the 4-hour and 1-hour charts before deciding on our next moves.
PS. Indeed, we should exercise patience, especially since there's fundamental noise on the horizon in the coming days.
PS. Indeed, we should exercise patience, especially since there's fundamental noise on the horizon in the coming days.
Daniel P. Fadejev