As price is still in a bullish rally, it swept the liquidity resting above the previous break of structure. It came very close to the bearish order block; however, a reversal pattern emerged, causing price to reverse.
This is where my view of the next draw on liquidity comes into play. After launching higher, price created a new order block that continued to break structure to the upside. This order block is currently in a discounted area, making it an attractive point of interest (POI) for price to retrace into.
Alerts have been set, and I'll wait for price to do its thing this week.
This is where my view of the next draw on liquidity comes into play. After launching higher, price created a new order block that continued to break structure to the upside. This order block is currently in a discounted area, making it an attractive point of interest (POI) for price to retrace into.
Alerts have been set, and I'll wait for price to do its thing this week.
Trade fermée: cible de profit atteinte
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.