Been busy with celebration of Eid here in Brunei. I will be travelling to Holland this week for my up to speed job integration. Meanwhile while waiting those, I am looking at the EURUSD approaching a possible demand on the weekly charts. It could the start of a turn in trend. It might happen during NFP , so I might expect bad numbers if price decide to go near the demand earlier before friday. Or If not a good NFP number will push it directly inside the Demand level.
Now we know, judging it as a quality demand, We can look for any price action and orderflow indication within a smaller time frame in that area.
we can anticipate at the same time as USD index is approaching its key supply.
Possible trend change is imminent. And I am ignoring what CNBC and Bloomberg are saying, just be mindful and focus on the price of imbalance. That is where Demand and supply are imbalance, that is where big institutional trader are exchanging money. That is where the transfer of money from who do not know to the one who knows.