Liquidity has been swept. Supply has been met.
The price entered a previously established supply area (1.36950–1.36700) and showed early signs of rejection
The break of the short-term trendline coupled with price failing to hold above the highs could signal a shift in structure toward a bearish leg.
If the rejection confirms, price is likely to seek rebalancing at the FVG below (1.36200–1.36000 zone).
The price entered a previously established supply area (1.36950–1.36700) and showed early signs of rejection
The break of the short-term trendline coupled with price failing to hold above the highs could signal a shift in structure toward a bearish leg.
If the rejection confirms, price is likely to seek rebalancing at the FVG below (1.36200–1.36000 zone).
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iSmashProfit
Related publications
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.