Price is on a consolidation. Price has been building both buy-side and sell-side liquidity. Current price action suggests more downside as we previously took lower time frame sell-side liquidity and the price is unable to push and break market structure to the upside. Subsequently, we have the buy-side liquidity taken and price is currently trying to break market structure lower to the downside. If we see a clear break of structure to the downside, we can see the lows of 3.68 getting targeted.
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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.