3 possible scenarios,
Scenario 1 (Red): If it bounces at 1.272 and fails to break the previous high, a more bearish move is possible.
Scenario 2 (Green): This scenario involves a bounce at 1.272 and consolidation above the previous high.
Scenario 3 (Orange): This is a continuation of the bearish breakdown.
General Notes: All bounce points (indicated by the "yellow line") show a gap-up move (SMC entry area). TP3 is a good entry area, considering all confluences.
Scenario 1 (Red): If it bounces at 1.272 and fails to break the previous high, a more bearish move is possible.
Scenario 2 (Green): This scenario involves a bounce at 1.272 and consolidation above the previous high.
Scenario 3 (Orange): This is a continuation of the bearish breakdown.
General Notes: All bounce points (indicated by the "yellow line") show a gap-up move (SMC entry area). TP3 is a good entry area, considering all confluences.
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.
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.