We are seeing aggressive buying power as market structure is still maintaining to upside
==> Daily timeframe price action is above the EMA's and we see wonderful rejection in the area of liquidity as support zone
==> Price is now bounding between to upper and lower limit of the accumulation zone, now come confirmation of buy after a fakeout at the bottom for a continuation to upside
==> Nice risk to reward but keep an eye on the upper bound limit for rejection that can invalidate the setup
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==> Daily timeframe price action is above the EMA's and we see wonderful rejection in the area of liquidity as support zone
==> Price is now bounding between to upper and lower limit of the accumulation zone, now come confirmation of buy after a fakeout at the bottom for a continuation to upside
==> Nice risk to reward but keep an eye on the upper bound limit for rejection that can invalidate the setup
Follow me for more breakdown
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Related publications
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.