Watching closely here as we bounced once again from the demand zone around 106k.
H4 trend is starting to compress and inverse a bit, also lining up with a rough trend of lower highs.
I would look for rejection on H4 trend or if breached, rejection in the imbalance and then a bullish retest on trend on the trendline.
H4 trend is starting to compress and inverse a bit, also lining up with a rough trend of lower highs.
I would look for rejection on H4 trend or if breached, rejection in the imbalance and then a bullish retest on trend on the trendline.
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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.