It is an aggressive sell position.
The price collected the buy side liquidity on the daily time frame and closed the candle body below the FVG that made it as an inversion and strong resistance. So now we can expect the price start the bearish move from here or from the bearish breaker.
I said it is an aggressive position because we enter it before the market structure shifts in this scenario.
I hope you find this information useful..
💡Wait for the update!
🗓️22/02/2024
🔎 DYOR
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Note
Finally, CADCHF started a downward move.More than 20 pips so far.
Trade closed: target reached
It is enough for this TA.Result: Almost 29 Pips
Cheers 🥂
Trade closed: target reached
The price collected the sell-side liquidity.More than 37 Pips.
Cheers 🥂
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Related publications
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.