I am expecting a bullish move that will take out the equal highs on H4. Market structure was changed when the zone at .34828 was broken in the weekly order flow. going down to the basic price action concepts "whenever a support or resistance level is broken, there is always a retest of the broken zone". the retest happened on the daily timeframe and price got...
with price gathering for a buy momentum that has happened earlier, this looks an ideal opportunity to go long on this pair considering the risk:reward of over 1:10.
I expect price to reach up to .18932 after breaking through the brief short position at .177
I'm looking forward to a brief reaction at the orderblock in .18652 but generally .18932 is a good spot for going short on this pair.
