Why - Price will reach for liquidity below and above the market while reaching for it's long term price objectives.
To trade this pair next week you need to image what a weekly bullish candle looks like. Price opens, trades lower (Monday) which is the wick (short scalp), expands ups Tuesday - Thursday (2-3 day long setup), then Friday retraces lower creating the top part of the wick.
To trade this pair next week you need to image what a weekly bullish candle looks like. Price opens, trades lower (Monday) which is the wick (short scalp), expands ups Tuesday - Thursday (2-3 day long setup), then Friday retraces lower creating the top part of the wick.