Looking at the left side, we see a recent sell-side liquidity sweep. Following, is a strong upward movement, resulting in a market structure shift. Price retraces back to the unmitigated demand zone, to mitigate it for an execution of a Buy position. Target is the buyside liquidity
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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.