Looking at the EURUSD Weekly Time Frame Chart we can see that we had a rally that collected buy-side liquidity(the liquidity resting on previous highs) then price reversed causing a shift in market structure which indicates bearish institutional order flow in the chart. as price was reversing it created lots of liquidity void that the price had to close later using any institutional reference which in this case is the weekly fair value gap that price spike and started selling short/declining.since institutional order flow is bearish therefore we will be looking for sell opportunities, any buy opportunities within the smaller time frame will be for scalping.
The first targeted sell-side liquidity pool has been reached here is the chart below
TRADINGVIEW.COM Second Targeted sell-side liquidity has been reached on eurusd, we are most likely to see a retracement before price reaches our third sell-side liquidity.
