The white circle is the area to watch, but here's the basic breakdown of what to expect this week using the hybrids system of trading like a market marker .
- 38k needs to break if we're to run to 40-42k
- trapped traders either side of price
- a HL around 50% asia and the marked LIQ levels would have us believe the breakout will be up
- A break of these levels and the 200 ema then a retest would have us think the break out will be down
Some may have already shorted the M from US last night into UK today, this makes sense. You'd just be watching 50% Asia from here to decide if that was the right choice.
Massive liq levels: 32,900 - 34,000 & 42k. This means you want to get this trade because the target either way is a great one!
Remember US closed today so price may be not typical.
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