This to me is looking like a rising wedge formation - which as we know, has a bearish bias.
Another break and retest scenario has taken place much like what we saw on GBPUSD (positive correlation observed).
I am however going to use that H4 supply zone to validate my shorting positions. If broken then I will re-evaluate.
For now I am just patiently waiting for NY session then I execute my entries.
All the best :)
Another break and retest scenario has taken place much like what we saw on GBPUSD (positive correlation observed).
I am however going to use that H4 supply zone to validate my shorting positions. If broken then I will re-evaluate.
For now I am just patiently waiting for NY session then I execute my entries.
All the best :)
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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.