Price made a CHoCH, followed by a Break of Structure (BOS), confirming a bullish shift.
Currently, price is retracing into a high-confluence zone:
Internal demand (order block)
Imbalance (IMB)
Near the EMA
Reaction expected around 1.34300–1.34600.
If this zone holds, we anticipate a bullish push toward 1.36000+ (better to make a confirmation entry)
Currently, price is retracing into a high-confluence zone:
Internal demand (order block)
Imbalance (IMB)
Near the EMA
Reaction expected around 1.34300–1.34600.
If this zone holds, we anticipate a bullish push toward 1.36000+ (better to make a confirmation entry)
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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.