The analysis of higher time frame data suggests that the current market trend remains bearish. It is advisable to maintain this perspective.
Upon examination, it is observed that the price has diverged from the two-hourly order book (OB), leaving behind a favorable volume gap (FVG) below it. This has resulted in the creation of internal liquidity that will need to be swept and interact with the OB.
Entering the market from the OB at this point is considered a risky proposition. It is important to await a change of character in the price after reacting with OB.
Therefore, it is recommended to observe and monitor the market situation closely.
Upon examination, it is observed that the price has diverged from the two-hourly order book (OB), leaving behind a favorable volume gap (FVG) below it. This has resulted in the creation of internal liquidity that will need to be swept and interact with the OB.
Entering the market from the OB at this point is considered a risky proposition. It is important to await a change of character in the price after reacting with OB.
Therefore, it is recommended to observe and monitor the market situation closely.