…on the 4th floor hitting the ask saying the Euro is a deal at this level.

Brother, you are going down!

My base case scenario is a slow bow back following a liquidity break round-trip, not unlike these two were:

Day 3 makes a trip wire that the consecutive stumble over would make the price fall in the box. If you get a liquidity break up as a next move, the structure will continue lower, if not, the reversal has taken place.

The close end (stats) would be 45 pips lower, and the far end would be 82 pips lower.

I started plotting a daily 16 EMA HL2 to know what the bow’s peak should fall short of. When the E-16 gets violated, that means that the subsequent daily Fractal print won’t be the divergent leg, but rather the measuring one.

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Looks like I have to learn yet another name and another country’s flag.