The current price action shows that the market is expected to first fill the Fair Value Gap (FVG) area, which acts as a price inefficiency zone demanding liquidity clearance. After the FVG is filled, the price is anticipated to retest the Higher Time Frame (HTF) Supply Zone, which serves as a strong resistance area.
Following the retest of the supply zone, the prevailing downtrend is likely to resume, pushing the price downwards towards the HTF Demand Zone. This demand zone is identified as a key support level where buying interest is expected to emerge, potentially halting the decline temporarily or initiating a reversal.
This trading plan emphasizes waiting patiently for the FVG fill as a prerequisite step before looking for a supply zone retest confirmation to enter short positions targeting the demand zone below, aligning with the overall bearish trend continuation.
Following the retest of the supply zone, the prevailing downtrend is likely to resume, pushing the price downwards towards the HTF Demand Zone. This demand zone is identified as a key support level where buying interest is expected to emerge, potentially halting the decline temporarily or initiating a reversal.
This trading plan emphasizes waiting patiently for the FVG fill as a prerequisite step before looking for a supply zone retest confirmation to enter short positions targeting the demand zone below, aligning with the overall bearish trend continuation.
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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.
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.