Yesterday CPI moves gives a significant sweep of SSL in EU & AU. However, in GU, it's only a minor bearish move, price not able to take out any structural low. This is a sign that GU is more bullish than EU & AU.
This also means there will be tons of LQ sitting below the low of this demand. Which is also near to the discount of the leg.
If price go bearish with strong momentum and go very deep into the demand, its intention is more likely to grab this low. If price reverse immediately after taking out the low, it's a good opportunity to look for Long.
This also means there will be tons of LQ sitting below the low of this demand. Which is also near to the discount of the leg.
If price go bearish with strong momentum and go very deep into the demand, its intention is more likely to grab this low. If price reverse immediately after taking out the low, it's a good opportunity to look for Long.
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15m view: Where is the SSL?
