as mentioned in earlier post, if price hung around the 4120-4140 area for the remainder of the NY session, that would signal acceptance of the new price. As we can see from the chart, yesterday's VAH around 4110 established acceptance into the VA from last thursday. Today's secondary POC was created after the push up in early NY afternoon and built acceptance into last Fridays VA. And while still early in Asia, EU already building acceptance higher and showing a rejection of wednesday VAH with buying tail in A period.
I don't think price will make it back to the 4080 area tomorrow, rather it looks to be holding at VAH and higher - more bullishness, but still early. as mentioned before, 4050-4080 is a solid base now from which to launch an attack at .4400 (many assumptions there, but indulge me
The arrow at VAH around 4115 is my planned long entry. the naked POC up top at 4170 is short term target, followed by VAH from thursday around 4210. if price makes it to 4210, that would signal buying above the weekly IB - more bullishness.
but keeping in mind Friday is NFP, we could reasonably expect a shakeout to the base at 4050-4080, where i will decide early Friday if i put a buy limit down there.
As always, open for debate or other views on the profiles (and encouraged)
I don't think price will make it back to the 4080 area tomorrow, rather it looks to be holding at VAH and higher - more bullishness, but still early. as mentioned before, 4050-4080 is a solid base now from which to launch an attack at .4400 (many assumptions there, but indulge me
The arrow at VAH around 4115 is my planned long entry. the naked POC up top at 4170 is short term target, followed by VAH from thursday around 4210. if price makes it to 4210, that would signal buying above the weekly IB - more bullishness.
but keeping in mind Friday is NFP, we could reasonably expect a shakeout to the base at 4050-4080, where i will decide early Friday if i put a buy limit down there.
As always, open for debate or other views on the profiles (and encouraged)
Change is the only constant