The possible outcome that the market will perform.
1. The price will be bearish searching for new demand cause as it compression has took out small supply zone clearing the way for sellers
2. The price will retest the support and retrace below the zone about 5-15pips take out SL and triggers sell orders placed there as it triggered the buy orders before dropping than rally +50pips
My position is based on the first concept of mine hope am right.
1. The price will be bearish searching for new demand cause as it compression has took out small supply zone clearing the way for sellers
2. The price will retest the support and retrace below the zone about 5-15pips take out SL and triggers sell orders placed there as it triggered the buy orders before dropping than rally +50pips
My position is based on the first concept of mine hope am right.