Outlook for EU Today.
I think price is going to trade bearish today due to the following reasons;
1. There's been expansion to the upside right from Monday-Wednesday.
2. On Wednesday, price hit an important level on the 1W (i.e REqH), but couldn't displace and close above.
3. ERL has been taken, IRL is expected to be taken next.
Once a stop hunt is confirmed on the LTFs (like the M15 or M5), followed by a MSS, we can begin to look for enteries off the resulting OB, BB, or FVG.
1. There's been expansion to the upside right from Monday-Wednesday.
2. On Wednesday, price hit an important level on the 1W (i.e REqH), but couldn't displace and close above.
3. ERL has been taken, IRL is expected to be taken next.
Once a stop hunt is confirmed on the LTFs (like the M15 or M5), followed by a MSS, we can begin to look for enteries off the resulting OB, BB, or FVG.
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