Here we have a distribution phase and a spring which acts as the failed breakout (failed consolidation). This validates our bias we should know see a impulse in price from the mitigation of the order block from the spring. Then see strong downward momentum (markdown). There are numerous imbalances on the markup and we have a unmitigated order block from the spring in the accumulation phase. Should be seeing 400-700 pip movements
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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.