EUR/USD Where next? Possible Bullish scenario
Looking over the daily on EURUSD, I noticed that it appears the ICT concept of the market maker buy sell model has been completed, This is something I need to revisit so that I can utilise better in my analysis however, From what I remember it would appear that all stages have been completed, Including the final "break of structure initial consolidation" stage.
Another thing to notice, This final stage on the right appears very similar in a fractal pattern to the original stage on the left. Notice the candles tell the same story in the same stages
1. Initial downward impulse
2. Consolidation (accumulation of orders maybe?)
3. A break of structure that would have taken liquidity (stops for anyone who went bullish and rolled stops to recent structure, A typical retail scenario)
4. Break of structure to the upside that did the same.
5. price runs above the relative equal highs and continues in the bullish trend.
Another thing to pay close attention to here, The green boxes through the larger fractal, these are imbalance candles ( an area where price was pushed through without the candles entire print being revisited for mitigation etc) Price seems to always return to these areas to draw on liquidity or re accumulate orders.
What is interesting is, On our last stage and recent two boxes, we have 2 daily candles that have these areas.
Does this result in EURUSD continuing to the upside from next week?
We will see, However, Some great points to visit here to refresh knowledge.
Another thing to notice, This final stage on the right appears very similar in a fractal pattern to the original stage on the left. Notice the candles tell the same story in the same stages
1. Initial downward impulse
2. Consolidation (accumulation of orders maybe?)
3. A break of structure that would have taken liquidity (stops for anyone who went bullish and rolled stops to recent structure, A typical retail scenario)
4. Break of structure to the upside that did the same.
5. price runs above the relative equal highs and continues in the bullish trend.
Another thing to pay close attention to here, The green boxes through the larger fractal, these are imbalance candles ( an area where price was pushed through without the candles entire print being revisited for mitigation etc) Price seems to always return to these areas to draw on liquidity or re accumulate orders.
What is interesting is, On our last stage and recent two boxes, we have 2 daily candles that have these areas.
Does this result in EURUSD continuing to the upside from next week?
We will see, However, Some great points to visit here to refresh knowledge.
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