Thursday 11 July 2024, price left a gap at 08:00 in New York session due to heavy distribution and traded into a daily order block at 1.30400, on Wednesday 05th of July 2024. price drew down to a Gap, created an imbalance, and the gap did not fill. Equal lows created, Smart Money Divergence in 15 Minutes chart, Failure swing and possible change in bias.
Note
Entry on 1 Hour Gap (Consequent Encroachment)
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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.