The market couldn't drop straight down to the order block at price 1.22896 because it respected the fair value gap area in order for buyers to take charge. Now we are currently within the 1h supply zone and strong reversal candlesticks are portrayed. We see both the doji and a shooting star, hence we are now interested in taking a sell to the stop order at 1.22800, however, let's wait for further information when the market opens...
Beyond Technical AnalysisDouble Top or BottomGBPUSDgbpusdanalysisgbpusdideamajorpairsSupply and Demand

Also on:

Related publications

Disclaimer