owlswift_fx

2018 Rejection ===> 2002

OANDA:XAUUSD   Emas Semerta / Dolar A.S.

Looking at this chart, we can see Price was moving in a a 1HR range, from 2015, we saw some rejection that took Price down to 2005 where Price failed to close below the range, and we saw a sharp rejection at the imbalance/FVG to the upside which brought us to 2014 where Price finally closed above the range, and it continued trending up to 2017.

The rejection at the FVG/Imbalance is a liquidity that needs to be taken if Price wants to make another swing high, which means Price might get to 2002 after sweeping the current high at 2018, and getting rejected.

More update will follow at NY Session where the action resides.

I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.

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Penafian

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