Price took out Previous Day High. Indicating taking up of liquidity.
Overall Trend is bearish.
Price Bounced back immediately after taking out previous day high, indicating that it is a Liquidity Sweep.
Signaling continuation of price heading downwards.
Price is also in Supply Zone when it bounced out.
1:3RR Trade towards the downside.
Overall Trend is bearish.
Price Bounced back immediately after taking out previous day high, indicating that it is a Liquidity Sweep.
Signaling continuation of price heading downwards.
Price is also in Supply Zone when it bounced out.
1:3RR Trade towards the downside.
Trade closed: stop reached
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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.