Price has been range-bound since the initial update but after respecting the range highs over today's trading sessions and rejecting the 1H FVG, we could be due an impulsive leg lower.
That being said, we have been respecting dynamic support with the 4H constantly rejecting range lows so considering the HTF with the daily primary swing not yet in EPD, there are multiple confluences that indicate price could head higher.
Patience will be key at the moment. Let price decide by monitoring displacement and then we can execute accordingly.
That being said, we have been respecting dynamic support with the 4H constantly rejecting range lows so considering the HTF with the daily primary swing not yet in EPD, there are multiple confluences that indicate price could head higher.
Patience will be key at the moment. Let price decide by monitoring displacement and then we can execute accordingly.
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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.
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.