Price broke out the resistance zone and it's heading to the support zone in which price has tested so many times, and price might head to the 140.780 zone, but note that the price zones listed on the short projector isn't valid as a limit order or stop order, but just to display where I want price to head to.
Yorum:
The H1 timeframe, price is expected to fill the imbalance which is above this recent resistant point, it's rejecting, and when it does it, we are likely to see a head and shoulder pattern, that sells to the downside, also see that price went to test the order block, before making these bearish movement.
Yorum:
On the H1 price have filled the imbalance as projected, but it hasn't broken any previous low structure, it seem like going to test the recent resistant level before the drop.
İşlem elle kapatılmış:
On this H4 timeframe, after price broke the previous resistant zone and made it a support zone, it tested it three times and that shows that the support zone is a strong zone, so I am letting this pass for now, till I see a much clearer opportunity