Hey Traders, hope you're all doing well! 👋
Price has recently broken above the previous weak high, showing strong bullish momentum. At the moment, we're seeing a short-term bearish pullback — a common market behavior aimed at filling buy orders near the demand zone.
Despite this minor retracement, the Higher Timeframe (HTF) remains firmly bullish. As long as that structure holds, this pullback could present a solid opportunity to rejoin the trend. Wait for bullish confirmation before executing any entries to stay aligned with the prevailing market direction.
Price has recently broken above the previous weak high, showing strong bullish momentum. At the moment, we're seeing a short-term bearish pullback — a common market behavior aimed at filling buy orders near the demand zone.
Despite this minor retracement, the Higher Timeframe (HTF) remains firmly bullish. As long as that structure holds, this pullback could present a solid opportunity to rejoin the trend. Wait for bullish confirmation before executing any entries to stay aligned with the prevailing market direction.
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.