Heading toward Buy side liquidity (BSL); if we fail to close above the weekly order block, another pull back is to be expected.
the Bullish mitigation block is also a high probability indicator that we will be going upwards, at least short term. we tested it and now going up to buy side liquidity.
the Bullish mitigation block is also a high probability indicator that we will be going upwards, at least short term. we tested it and now going up to buy side liquidity.
Note
as expected, now we wait for the end of the week. Price needs to close below the red area for us to go short, so we wait for the weekly candle of this week to close.If this scenario plays out, we should short at the open of next week, with a TP at 9.78.
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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.