"The chart is showing a structure similar to QML. If the scenario plays out, the price is likely to follow the black line projection. This area contains the weekly and daily POC levels and is also a zone for imbalance coverage.
Key point: the downtrend must be maintained, and the price should hold below 1.04281. Breaking this level would invalidate the bearish structure.
Additionally, the chart displays a breaker and FVG setup, but its maximum potential is likely up to the inversion zone. Entry should only be considered after confirmations on lower timeframes (M3 and M1)."
Key point: the downtrend must be maintained, and the price should hold below 1.04281. Breaking this level would invalidate the bearish structure.
Additionally, the chart displays a breaker and FVG setup, but its maximum potential is likely up to the inversion zone. Entry should only be considered after confirmations on lower timeframes (M3 and M1)."
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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.