We anticipated the gap fill and price did revisit the marked imbalance. A clean breakout from wedge and structure led to a +60 pip move. Currently, price is respecting the 0.5 - 0.618 Fib retracement zone after failing to break above the 0.382 (3058).
💡Key Observations:
Rejection at retest zone (3347–3358)
0.618 level holding intraday structure
Breakeven hit on last short (-2 pips slip)
Bias remains bearish, targeting previous imbalance and OP zone below 3320
📌 Reminder: That orange gap (breakout zone) still holds high probability for revisit.
💡Key Observations:
Rejection at retest zone (3347–3358)
0.618 level holding intraday structure
Breakeven hit on last short (-2 pips slip)
Bias remains bearish, targeting previous imbalance and OP zone below 3320
📌 Reminder: That orange gap (breakout zone) still holds high probability for revisit.
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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.