POSITION TRADERS! LONG AT 0.61292
2nd March 2009 - 1st June 2011
Strong Bullish momentum breaking through Feb 2008 Significant High at 0.82169, This rally created a new ALL TIME HIGH AT 0.88363
Price has been trading within this range(0.48908-0.82169)for about 10years now
2nd March 2020, The market dipped in hunt of Stops against 3rd Aug 2015 Support at 0.61629 and rallied back up into the Trading Range, this dip was not a surprise because it shot straight to mitigate an OrderBlock from 2009 March below 0.58753 and still failed to clear March 2009 low
After Mitigation, the Market started offering new high prices breaking Old highs within the Trading range, this is an underlying sign of strength
i am anticipating price to continue its rally to the top of the Trading range (wyckoff accumulation) after Mitigating 0.61292 OrderBlock
1200+ pips (long term) Buy
500+pips (short term) sells from 0.67272 down to 0.61292
Strong Bullish momentum breaking through Feb 2008 Significant High at 0.82169, This rally created a new ALL TIME HIGH AT 0.88363
Price has been trading within this range(0.48908-0.82169)for about 10years now
2nd March 2020, The market dipped in hunt of Stops against 3rd Aug 2015 Support at 0.61629 and rallied back up into the Trading Range, this dip was not a surprise because it shot straight to mitigate an OrderBlock from 2009 March below 0.58753 and still failed to clear March 2009 low
After Mitigation, the Market started offering new high prices breaking Old highs within the Trading range, this is an underlying sign of strength
i am anticipating price to continue its rally to the top of the Trading range (wyckoff accumulation) after Mitigating 0.61292 OrderBlock
1200+ pips (long term) Buy
500+pips (short term) sells from 0.67272 down to 0.61292
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.