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EURUSD weekly update

jim14
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August 28, 2023
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EURUSD weekly update
EURUSD 2023 08 28 14 42 14

Starting with the monthly time frame, we see this monthly FVG This is our INTERNAL range liquidity, and it is our current draw on liquidity. Let’s move on. Where do we confirm this idea ? Monthly > Daily > 1H > 5M
We see a daily MSS •MSS = Market Structure Shift This confirms our monthly draw on liquidity. We should now expect daily PD arrays to be respected & push price towards our monthly DOL • DOL = Draw on liquidity.We see price is continuing to closed under old FVG’s and respecting them on the other end (inversion fvg) Knowing this , we should expect nothing less again this week right??We could possibly tap into this weekly IFVG, then continue lower. Or we could tap into a daily PD array and continue lower. Just adapt when the time comes
Once we tap into this weekly / daily levels.

We will need to confirm the weekly idea on the 4H
WEEKLY > 4H > 15M
And we will need to confirm the daily idea we have on the 1H timeframe.
MONTHLY > DAILY > 1H > 5M

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