Monitoring price in Wednesday London & NYC sessions.
Journal :
WHAT I SEE :
-1WTF- Trading in lower end of a consolidation.
-1DTF- Daily candle Hight ran @1.21347 by Feb. 28 (Tuesday) Hight in NYC. {could be high of the week}. Price then collapsed bellow candle open.
-240TF- After a run on LQDY @1.20696 ( Feb.23 high NYC open) Price went lower after failing to break the INTERMEDIATE HIGH @1.21478 of Tuesday NYC open Feb. 21 2023. Market then aggressively displaced lower breaking the Feb. 28 2023 @1.20272 Low.
60TF- Friday Feb. 17 2023 Low @1.19151 and Monday Feb. 27 Low @1.19225 forming an equal lows area. Tuesday Feb. 21 2023 High @ 1.21478 and Feb. 28 2023 High @1.21434 forming an equal high area. LQDY Ran on Feb. 28 2023 @1.21434. Price now broke below short therm Low of Feb. 28 2022 @1.20272.
WHAT I THINK IT MEANS :
Market could be held at the 240 FVG over night. Since the market ran a sell stops LQDY lvl and rapidly eroded bellow the short therm low, it’s possible that the market entered a sell delivery model. Which would be targeting the Jan. 06 2023 Breaker’s .25 @1.19081 or .50 @1.18900 figure on the 4 breaker’s quarters.
MONITORING HOW PRICE WILL REACT TO THE OVERNIGHT HIGHS AND LOWS
WHAT I SEE :
-1WTF- Trading in lower end of a consolidation.
-1DTF- Daily candle Hight ran @1.21347 by Feb. 28 (Tuesday) Hight in NYC. {could be high of the week}. Price then collapsed bellow candle open.
-240TF- After a run on LQDY @1.20696 ( Feb.23 high NYC open) Price went lower after failing to break the INTERMEDIATE HIGH @1.21478 of Tuesday NYC open Feb. 21 2023. Market then aggressively displaced lower breaking the Feb. 28 2023 @1.20272 Low.
60TF- Friday Feb. 17 2023 Low @1.19151 and Monday Feb. 27 Low @1.19225 forming an equal lows area. Tuesday Feb. 21 2023 High @ 1.21478 and Feb. 28 2023 High @1.21434 forming an equal high area. LQDY Ran on Feb. 28 2023 @1.21434. Price now broke below short therm Low of Feb. 28 2022 @1.20272.
WHAT I THINK IT MEANS :
Market could be held at the 240 FVG over night. Since the market ran a sell stops LQDY lvl and rapidly eroded bellow the short therm low, it’s possible that the market entered a sell delivery model. Which would be targeting the Jan. 06 2023 Breaker’s .25 @1.19081 or .50 @1.18900 figure on the 4 breaker’s quarters.
MONITORING HOW PRICE WILL REACT TO THE OVERNIGHT HIGHS AND LOWS
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