After a bearish NY session, EU consolidated throughout the entire asian session, therefore creating a lot of liquidity. Right below liquidity we have the major 1.18000 level in confluence with an imbalance, institutional candle and last point of supply.
I would be taking this trade if It approaches this area between today's London/NY and tomorrows London.
Couple confluences that make this set up look good!
However, worth mentioning that we do have some liquidity still sitting below and market could go for a deeper retracement, because of that I'm going with less risk in that trade.
I would be taking this trade if It approaches this area between today's London/NY and tomorrows London.
Couple confluences that make this set up look good!
However, worth mentioning that we do have some liquidity still sitting below and market could go for a deeper retracement, because of that I'm going with less risk in that trade.