This pair is itching to break out of this zone, so much built up liquidity has been created around this region that.
I assume price will trap traders who are attempting to sell the breakout before returning down to the demand zone to collect buy orders as illustrated.
I assume price will trap traders who are attempting to sell the breakout before returning down to the demand zone to collect buy orders as illustrated.
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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.