I anticipate one more low (shallow one) => reversal upside for corrective retracement
above the LRS BS level => around 8.30 reversal for one more leg down.
The upside retracement is not compulsory to make the new daily high, that is why it is very important to see the new daily high around 8.30 news moment.
above the LRS BS level => around 8.30 reversal for one more leg down.
The upside retracement is not compulsory to make the new daily high, that is why it is very important to see the new daily high around 8.30 news moment.
Note
I would like to see development to the upside without a new lowNote
Possible long setup framed on 1m TFOrder cancelled
nice big drop on 8.30 news. Initial reaction.
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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.