Price is looking to break out of trend line. It should be worth noting that a trendline is a form of liquidity waiting to be purged. Therefore, the momentum we are expecting is for price to go bullish, break trendline. And fill the imbalance created from the FVG (fair value gap) which created the imbalance to the downside and broke the initial bullish structure. From there , if price balances, we could see a bearish trend forming to take out PML( previous month low).
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.