Price is currently retesting a previous supply zone after breaking structure to the downside.
We have a rising wedge formation on the 1H chart, paired with clear bearish market structure on the 4H.
If this zone (1.12800–1.13188) holds, we may see continuation downwards
This setup aligns with smart money concepts — letting price pull back into premium zones before the next impulsive leg.
We have a rising wedge formation on the 1H chart, paired with clear bearish market structure on the 4H.
If this zone (1.12800–1.13188) holds, we may see continuation downwards
This setup aligns with smart money concepts — letting price pull back into premium zones before the next impulsive leg.
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.
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.