Hi,
I can see at least two Liquidity Pools on Medium/Higher Time Frame for EURUSD,
and price is likely to seek these. The question is if it will go first below or first up. Instinctively, I usually want to trade upwards or the reversal, but since price short term is already downwards, and thus closer to the lower Liquidity Pool, then perhaps that is the wiser choice, to do a small short if anything.
But there are liquidity pools to the upside, which can give a great reward if it reaches there, and you have traded near these lows.
Have a great day in Jesus' name!
-ThomChris
I can see at least two Liquidity Pools on Medium/Higher Time Frame for EURUSD,
and price is likely to seek these. The question is if it will go first below or first up. Instinctively, I usually want to trade upwards or the reversal, but since price short term is already downwards, and thus closer to the lower Liquidity Pool, then perhaps that is the wiser choice, to do a small short if anything.
But there are liquidity pools to the upside, which can give a great reward if it reaches there, and you have traded near these lows.
Have a great day in Jesus' name!
-ThomChris