No major displacement from FVG. MONITORING FOR HIGHER PRICE.
what I see:
JOURNAL:
240TF- Market traded back to the Feb. 15 FVG. To do so, it broke through the OLD 240 HIGH LQDT @1.20742 on Feb. 23 (Thursday){IntermediateHigh} and went beyond the FVG. Price retraced to the Sun/Mon Overnight Consolidation Highs.
60TF- Before trading into the FVG, MM Ran the Sun/Mon Overnight Lows. After the run on LQDY on Feb. 23 4AM @1.19861 Price displaced into the @1.21478. Sitting now @ the Sun/Mon Overnight Highs accumulating Contracts at around 1.205 Figure.
What I think it means:
Poor reaction from the FVG, which possibly indicates that the interest is no longer to lower price. Higher TFs show a possible pool of lqdy above @1.22703.
Price did not displace sharply after quickly taking the stops above @1.20742 but it rather slowly retraced back to the consolidation. I could assume that we probably are setting up a SM reversal.
*LQDY Ran Thu/Fri prior to breaking a short therm high, consolidation creating LQDY both sides or accumulating contracts taking place from Friday end of session through Monday until Tuesday London Open. London Open moved the market bellow the consolidation's lows, taking stops and retracing to a breaker {SETTING THE POSSIBLE LOW OF THE WEEK on Tuesday} . Finding support, the market was able to break above the short and the intermediate therm swing high, finding fair value at the FVG lvl. Therefore, no sharp signature by the MM to the down side it rather repriced filling up a 60TF lqdy void.
MONITORING THE REACTION FROM FILLING UP THE 60TF VOID. interest is maybe to the upside.
JOURNAL:
240TF- Market traded back to the Feb. 15 FVG. To do so, it broke through the OLD 240 HIGH LQDT @1.20742 on Feb. 23 (Thursday){IntermediateHigh} and went beyond the FVG. Price retraced to the Sun/Mon Overnight Consolidation Highs.
60TF- Before trading into the FVG, MM Ran the Sun/Mon Overnight Lows. After the run on LQDY on Feb. 23 4AM @1.19861 Price displaced into the @1.21478. Sitting now @ the Sun/Mon Overnight Highs accumulating Contracts at around 1.205 Figure.
What I think it means:
Poor reaction from the FVG, which possibly indicates that the interest is no longer to lower price. Higher TFs show a possible pool of lqdy above @1.22703.
Price did not displace sharply after quickly taking the stops above @1.20742 but it rather slowly retraced back to the consolidation. I could assume that we probably are setting up a SM reversal.
*LQDY Ran Thu/Fri prior to breaking a short therm high, consolidation creating LQDY both sides or accumulating contracts taking place from Friday end of session through Monday until Tuesday London Open. London Open moved the market bellow the consolidation's lows, taking stops and retracing to a breaker {SETTING THE POSSIBLE LOW OF THE WEEK on Tuesday} . Finding support, the market was able to break above the short and the intermediate therm swing high, finding fair value at the FVG lvl. Therefore, no sharp signature by the MM to the down side it rather repriced filling up a 60TF lqdy void.
MONITORING THE REACTION FROM FILLING UP THE 60TF VOID. interest is maybe to the upside.
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