If price fails to break the High, then a retracement is sure which will push price to our entries. Let's explain. We have two POI the first from the bottom is a Breaker Block (BB) and the second is a Order block (OB).
Now, if the price fails to push below the POI that begins at 2.327, then the BB will serve as an entry for our buy with SL placed below the POI.
However, If price invalidates the BB, then there will be a further push to the last POI beginning at 2.151 where our OB will serve as the entry for another buy. However, I am optimistic about the BB serving as the entry after the pushback.
NB: This is just an analysis and in now way a prediction of how the market will move.
Now, if the price fails to push below the POI that begins at 2.327, then the BB will serve as an entry for our buy with SL placed below the POI.
However, If price invalidates the BB, then there will be a further push to the last POI beginning at 2.151 where our OB will serve as the entry for another buy. However, I am optimistic about the BB serving as the entry after the pushback.
NB: This is just an analysis and in now way a prediction of how the market will move.
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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.