Price is currently reacting to a retest of an order block located within the discount zone, following a Shift in Market Structure (SMS).
Additionally, on the weekly timeframe, price is also positioned in the discount zone, aligning with a weekly order block at the same level.
Disclaimer: This is not financial advice—just my personal analysis.
Additionally, on the weekly timeframe, price is also positioned in the discount zone, aligning with a weekly order block at the same level.
Disclaimer: This is not financial advice—just my personal analysis.
Trade active
Trade closed: target reached
Taken some profit at the bearish orderblock.
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.