London momentum push price above the previous high. However, we can clearly see a sign of supply kicking in after breaking the previous high. Here is the footprint of orders changing hand, happening at the LQ level, bullish momentum unable to follow through, this is a sign of reversal.
This is very likely to be the high of the day, and we might see NY session deliver a lower price. I'm looking to trade the potential bearish move, until price reach to the SSL sitting below.
This is very likely to be the high of the day, and we might see NY session deliver a lower price. I'm looking to trade the potential bearish move, until price reach to the SSL sitting below.