Hello Traders,
This pair has reacted from a monthly demand level and is trying to create a higher high there by hunting liquidity.
As you would notice, price is a few pips away from the weekly buyside liquidity which if it is hunted, a reaction is expected. Looking left, you will notice how price dropped strongly from that level.
My speculation is that price would take liquidity from there and use is as a form of retracement to the weekly order block.
Follow for more updates like this.
Cheers,
Jabari
This pair has reacted from a monthly demand level and is trying to create a higher high there by hunting liquidity.
As you would notice, price is a few pips away from the weekly buyside liquidity which if it is hunted, a reaction is expected. Looking left, you will notice how price dropped strongly from that level.
My speculation is that price would take liquidity from there and use is as a form of retracement to the weekly order block.
Follow for more updates like this.
Cheers,
Jabari
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.