Clear the imbalance and push out the range
I think price action is likely to sweep the lower liquidity when the market opens and then start looking to move up back through the range breaking out and filling the imbalance above during the New York session.
I expect a bearish judas swing at the start of the NY session to clear as many weak hands holding longs early from London, once these stops have been ran the push towards higher prices should commence.
I expect a bearish judas swing at the start of the NY session to clear as many weak hands holding longs early from London, once these stops have been ran the push towards higher prices should commence.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.