The market is moving within a bearish structure, with a clear break of structure (BOS) and a fair value gap (FVG) forming as price retraces. My focus is on the reaction area (swing low) around 1.21596. If the price breaks lower, I anticipate a continuation to the downside, targeting levels near 1.20984 and beyond. Patience is key as I wait for confirmation in this setup!
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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.