This pair reacted nicely to the setup we had the previous week from the distribution phase. Mitigated the breaker, then the internal demand zone even if it made a spike out, pushed all the way up to form a fractal high which created some liquidity. Dropped made yet another mitigation, broke the structure and made a nice pullback to the breaker block which led to this stunning bearish momentum. From the current information, I foresee the market falling even further to violate the liquidity zone and from the violation buyers shall take control. The initial bullish target is the internal supply zone…
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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.