Price has broken structure twice to the downside creating a protected high at the lower high( below 1.36600). Also price has created a nice looking order block, inducement that closed above a high! Further confirmation tells us that price is also now at the premium level of the swing leg, suggesting a good short set up. Now we wait for price to tap into the order block, a good change of character on the lower time frame will give a nice sell action to the external low!
TRADE CAREFULLY AND RISK WISELY
TRADE CAREFULLY AND RISK WISELY
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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.