Now that NFP broke bullish above the last 4 hour pivot high, price is still in bullish push phase to reach the next higher high. Looking at somewhere in supply zone.
I am looking for the next higher low pullback to be in the demand zone and above the last higher low made by FOMC.
Of course, NFP could also just be a false break and will trade back inside that range. This could also be a consolidation range after a move down for the resumption of the move down.
I am looking for the next higher low pullback to be in the demand zone and above the last higher low made by FOMC.
Of course, NFP could also just be a false break and will trade back inside that range. This could also be a consolidation range after a move down for the resumption of the move down.
Note
The 2 minute price action bullish on the 4 hour push phase higher up to a supply area.
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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.