This situation is looking indecisive because of the long bearish candlestick that went through the demand zone, now we have this nice correction that could lead to a massive bearish breakout or it could be a proper retest to validate the demand zone and make a bullish breakout, quite interesting. How the market reacts to this condition will determine the ultimate move, the main priority remains bullish, we’re looking for a clear buy opportunity. If we experience the bearish drawdown, then we’ll buy at the 4h order block if price doesn’t reach the demand zone…
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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.