UCAD M30
Just after the BMS, we see that fvg that's freshly created and then the sloppiness of price to trade lower.
This implies to me that markets will return to fill in the gap before any sell continuation.
As markets begin to retrace we anchor our fibs from the the swing high that the move breaking structure originated from to the swing low newly formed.
This gives us an OTE precisely where we have our fvg, and the last thing we needed to confirm was the the time of the day being NY killzone, everything was aligning for sells.
And our target will be the filling of the imbalance left on the discount part of the trading range.
Just after the BMS, we see that fvg that's freshly created and then the sloppiness of price to trade lower.
This implies to me that markets will return to fill in the gap before any sell continuation.
As markets begin to retrace we anchor our fibs from the the swing high that the move breaking structure originated from to the swing low newly formed.
This gives us an OTE precisely where we have our fvg, and the last thing we needed to confirm was the the time of the day being NY killzone, everything was aligning for sells.
And our target will be the filling of the imbalance left on the discount part of the trading range.
Comment:
So the ultimate level to reach out for is for those lows to be taken out, but inorder to be safe you can consider taking profits once we fill that fvg.