USDHUFPrice has been funneling hard. It did a brilliant move to downside for a false breakout which took out all buy-side liquidity. Watching for price to tap PWL before making a move upside to take out all sell-side liquidity as all buy-side has been exhausted.
Note
Additional confluence for buy: PWL + OB created by false breakout.Note
Price dropped conveniently on news to take out PWL as previously outlined. One thing to note: price likes to go to MAX PAIN levels therefore patience is key, watch the 1M candles for BOS to consider entering a trade. Overall directional bias remains the same.
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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.