Throughout the day (Thursday), the price clearly moved in search of Weekly Liquidity (PWL) and, at the same time, rebalanced the 50% of the last macro range. (This was one of the possible projections we discussed in yesterday's analysis.)
This is an area that will foster the possibility of an intraday trade over the next 12 hours or so. Preferably, if the price moves into the buy zone we've identified during the first 4 hours of the Asian session.
We are starting the last day of the week, so holding positions is not a good idea. Whenever possible, be aggressive in profit-taking.
Manage risk carefully and wait for the best confirmations, according to your strategy.
Save this analysis because I will be updating it over the next 24 hours, whenever necessary.
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... *UPDATE: 8/22/2025 (08:50h NY)
Weekly liquidity has just been captured.
Although the price has not yet reached the 50% Fibonacci level, from here we could see an intraday bullish move that would provide a very short-term trade (a bounce) to take advantage of.
Look for confirmations on 5-15m timeframes
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...*UPDATE: 8/22/2025 (09:45h NY)
This was the short-term rebound opportunity.
Now I'm turning my attention back to the 50% Fibonacci level.
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...*UPDATE: 8/22/2025 (10:05h NY)
This concludes my day.
I'll keep an eye on the 50% Fibonacci level (below 111300), which is still pending, but this could happen later this afternoon or over the weekend.
Anyway, since it's Friday, I'd rather leave it here and see how the price behaves from now on.
I'll update as needed.
I hope you have a great weekend 🙏
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