Liquidity spike on a bearish OB which is fooling traders into thinking it's an ascending triangle. Should breakdown within the next 2-3 4 hour candles.
Not guaranteed, since we've been seeing some low volatility, but the probability of breaking down is great. Should this not breakdown, I expect more sideways ranging.
Not guaranteed, since we've been seeing some low volatility, but the probability of breaking down is great. Should this not breakdown, I expect more sideways ranging.
Comment:
Stop Loss: 6405
Comment:
Targets for the breakdown:
6220
6150
6220
6150
Trade closed: stop reached