Potential downside incoming
otential Downside Incoming
The current price action suggests that there is a potential downside incoming. The price is likely to break higher FVG to the upperside orderblock, before moving downward from there to the breakout level.
Technical Analysis
The price has been consolidating in a range for the past few days. The upperside of the range is defined by the FVG level, and the lowerside of the range is defined by the breakerblock level.
The price is currently approaching the FVG level. If the price breaks above the FVG level, it is likely to continue moving upward to the upperside orderblock. However, if the price fails to break above the FVG level, it is likely to move downward to the breakerblock level.
Trading Implications
Traders who are bearish on the market may want to consider shorting the market if the price breaks below the breakerblock level. Traders who are bullish on the market may want to consider waiting for the price to break above the FVG level before entering a long position.
Conclusion
The current price action suggests that there is a potential downside incoming. The price is likely to break higher FVG to the upperside orderblock, before moving downward from there to the breakout level. Traders should be aware of this potential downside and adjust their trading strategies accordingly.
I hope this is helpful!
The current price action suggests that there is a potential downside incoming. The price is likely to break higher FVG to the upperside orderblock, before moving downward from there to the breakout level.
Technical Analysis
The price has been consolidating in a range for the past few days. The upperside of the range is defined by the FVG level, and the lowerside of the range is defined by the breakerblock level.
The price is currently approaching the FVG level. If the price breaks above the FVG level, it is likely to continue moving upward to the upperside orderblock. However, if the price fails to break above the FVG level, it is likely to move downward to the breakerblock level.
Trading Implications
Traders who are bearish on the market may want to consider shorting the market if the price breaks below the breakerblock level. Traders who are bullish on the market may want to consider waiting for the price to break above the FVG level before entering a long position.
Conclusion
The current price action suggests that there is a potential downside incoming. The price is likely to break higher FVG to the upperside orderblock, before moving downward from there to the breakout level. Traders should be aware of this potential downside and adjust their trading strategies accordingly.
I hope this is helpful!
Trade active:
still down <3