Reviewing how the higher timeframe candles have closed as of the end of last week we can see that;
Monthly = Bullish
Weekly = Closed back into the range
Daily – Formed bearish CISD
This information suggests to me that the month overall may close bullish, but anticipating a further retracement.
Based on this, the weekly FVG circa 2855 to 2817 is an attractive draw for shorts should price action reveal its hand to continue lower today.
What my plan of attack for today will be;
– If price first pulls back into the range, respects a POI, its likely to continue lower to Weekly FVG and I will be looking for short opportunities targeting this level .
– If price continues to rage lower on the open, I will be waiting and looking for long opportunities form the weekly FVG level.
Lets see what price prints, remaining dynamic and fluid in our assessments reacting to what the market provides once it shows its hand.
Good luck this week everyone.
Cheers,