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Ftmo

EU analysis coming into London openGood Morning Traders! Sorry about the lack of post yesterday, I will make it up to you with an in-depth post today. Currently we are in a daily downtrend leaving unmitigated ranges on the way down-these should be filled for efficient PA to continue. We are also in a 4hr selling range as seen by the overall red box, I have marked 2 ranges that have yet to be mitigated. My Preferred entry would be the sweep of the Asian session lows as we are in the daily demand area and working our way towards the edge, we also have some nice liquidity above to be run, and EQL under the current PA to be swept. This would give a great long entry an excellent area. If this doesn't happen we still have an unmitigated range marked in green, above for a sell, I don't like this as much as its not selling at the premium of the overall 4hr range, however I must trade the PA as I see it. The 3rd entry potential is the top range marked in green, this is with the overall momentum, unmitigated and at a premium of the entire run, it would be a no brainer sell area for me-but I expect it later in the week. As always trade safe and reach out in DMs if you would like to know more about what we do at envision.
by EnvisionEJ
Eu Price action analysis coming into the London session Good Morning traders! Hope you are well. Todays forecast will be done on the 1hr timeframe to give more information. We are still in a over uptrend/buying range, with liquidity built above current PA. Over the past week price has retraced down and is now within the discount of the buy range, this offers great opportunity to go long. As always we look left for a range to mitigate. We can see one very obvious range this is marked in green-and its best seen on the 5minute TF. I will be looking for a sweep of the Asian lows and a trend change on the lower TF before entering long but price is shaping up nicely. One thing to note is that NFP is coming up so I will be more cautious getting closer to that time.
Long
by EnvisionEJ
EU analysis coming into London openToday we have a much clearer picture vs yesterday. On the higher timeframes we have built a lot of liquidity ready to shoot to the upside. During the Asian session we have ranged nicely, and really have ranged since NY. This is created even more liquidity for the upside. Under the current range we have the range which initiated the bullish move, this hasn't been truly tested. With equal lows I am expecting price to push down into the discount of the 1hr buy range along with mitigating the range that initiated the move. The red box indicates the region I will look to enter long from with appropriate LTF confirmation. As always trade safe. Envision EJ
Long
by EnvisionEJ
EU analysis coming into London openTodays PA being a Sunday/Monday has been fairly bland. I have marked my 2 current AOI on the chart using the yellow circles. I am expecting the lows to be broken due to the amount of liquidity in that area-however that could take a while to happen. Overall we are building orders to move to the upside eventually but it could take some time to play out. Today I will likely sit on my hands-however deeper into London when volume picks up we may get a nice quick short trade from around the current price level. Sometimes the best thing to do when trading is stay out of the markets. Happy Trading, Envision EJ
by EnvisionEJ
EU analysis coming into London openWe have built lots of orders above the current area on the daily downtrend. However I will still be looking for this trend to continue. We have 2 great target areas for selling above, ranges within ranges. This fits with the narrative to fill the imbalance lower before the bullish move to the upside can take off. I am favouring the short currently as this fits with most timeframes, however we do have 1 area of interest for the potential long trade. The second area down lower could be reached today however I am expecting this could be a few days away. Happy Trading Envision
by EnvisionEJ