Price made a bearish liquidity sweep by going slightly below 1.35604, made a volatile move to the supply zone and got nicely rejected. The rejection is now a pullback to the fair value gap, now we wait for a significant candlestick to strengthen the potential of going bullish to the liquidity zone. However, this looks more of a distribution phase, the market could just drop massively from here…
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.