Accumulation, Manipulation and Distribution

Prior to overcoming the 4-hour rejection block, price formed a consolidation phase, indicative of accumulation. This was followed by a volatile bullish move that successfully mitigated the rejection block, entering a manipulation phase.

Subsequent price action led to a displacement, clearing the swing. Currently, we observe a bearish sentiment, anticipating a corrective hike to fill the imbalance and respect the fair value gap at 1.51200. The fair value gap shall be our entry with the demand zone at 1.50200 as the target from this expected distribution phase delivery…