EURUSD H4 13th June 2023 (Pre NY CPI )
H4
We have now technically had a break of structure to the upside, price has closed above a structure high on the H4 chart, still as some supply to take out prior to a daily Break of structure.
Post CPI
Once CPI figures are released we will be able to see the true draw on liquidity, buyside looks appealing with relatively equal highs.
Price has recently traded into to daily demand zone as well as a liquidity void (gap)
I have marked out an extreme demand zone on the most recent price leg, notice there is no inducement, therefore I will not be looking for trades unless this demand zone is swept.
Alternatively, if price expands higher and takes out the daily buyside liquidity, followed by a sharp move to the downside, we can consider sellside as the next draw on liquidity.
We have now technically had a break of structure to the upside, price has closed above a structure high on the H4 chart, still as some supply to take out prior to a daily Break of structure.
Post CPI
Once CPI figures are released we will be able to see the true draw on liquidity, buyside looks appealing with relatively equal highs.
Price has recently traded into to daily demand zone as well as a liquidity void (gap)
I have marked out an extreme demand zone on the most recent price leg, notice there is no inducement, therefore I will not be looking for trades unless this demand zone is swept.
Alternatively, if price expands higher and takes out the daily buyside liquidity, followed by a sharp move to the downside, we can consider sellside as the next draw on liquidity.
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