FIBRE
We have seen that the most recent price action has shown the first sign that the daily pullback is over.
Daily change of character after sweeping liquidity
Note there is still fresh demand lower, high impact news could be a catalyst to trade into this area.
H4
Internal break of structure (IBOS)
most recent price has been creating higher highs respecting extreme demand zones after taking inducement levels.
Current price action is also trading within a price inefficiency and breaker area, we could see price reject from the current area and not come lower into the extreme demand zone.
I expect alot of volatility this week with CPI news & FOMC rates release. Should there be any surprises the dollar could continue lower sending fibre higher.
If price trades back into the demand zone highlighted on the chart, I will be looking on the lower time frames 15m, 5m & 1m for developing entry models to continue higher.
Should price trade lower, again I will wait for structure to find the next setup.
We have seen that the most recent price action has shown the first sign that the daily pullback is over.
Daily change of character after sweeping liquidity
Note there is still fresh demand lower, high impact news could be a catalyst to trade into this area.
H4
Internal break of structure (IBOS)
most recent price has been creating higher highs respecting extreme demand zones after taking inducement levels.
Current price action is also trading within a price inefficiency and breaker area, we could see price reject from the current area and not come lower into the extreme demand zone.
I expect alot of volatility this week with CPI news & FOMC rates release. Should there be any surprises the dollar could continue lower sending fibre higher.
If price trades back into the demand zone highlighted on the chart, I will be looking on the lower time frames 15m, 5m & 1m for developing entry models to continue higher.
Should price trade lower, again I will wait for structure to find the next setup.