On the Daily timeframe, we are witnessing a flip of a previous strong demand zone. We have two scenarios and possible option on how to trade them;
a) After the break of structure, we anticipate a correction targeting a previous supply. At this level we can sell targeting the order block in green or the fair value gap.
b) After the break, we can witness a bearish continuation with no bullish correction targeting the same levels identified above. If this scenario we will buy targeting the unmitigated supply.
a) After the break of structure, we anticipate a correction targeting a previous supply. At this level we can sell targeting the order block in green or the fair value gap.
b) After the break, we can witness a bearish continuation with no bullish correction targeting the same levels identified above. If this scenario we will buy targeting the unmitigated supply.
Trade closed: target reached
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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.