The market bias is showing signs of a correction and a downtrend. On the lower time frame (15-minute), we have identified a Point of Interest (POI) within the Discount Area, which coincides with a PD array also located in the Discount Zone. This provides an additional confirmation for the anticipated high. The optimal entry point is located at the middle part of the POI, with the stop-loss positioned just below the POI. The target is set above the Fair Value Gap (FVG) area, providing a structured risk-to-reward setup.
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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.