After a bear run in the months of June and July, Price seems to have accumulated and broken out of it's daily bearish structure.
Highlighted in pink are LL and LH's
as we can see we broke out of the Last HL on the 29th of July
I believe that hedge funds have to make one more push to get out of their last sell orders that were placed on the 29th
I am expecting price to come down to 1.18125 to mitagate the last Sell/Buy candle
Targets for this pair will be to fill the imbalance on the 4H followed by new highs on daily/weekly
Highlighted in pink are LL and LH's
as we can see we broke out of the Last HL on the 29th of July
I believe that hedge funds have to make one more push to get out of their last sell orders that were placed on the 29th
I am expecting price to come down to 1.18125 to mitagate the last Sell/Buy candle
Targets for this pair will be to fill the imbalance on the 4H followed by new highs on daily/weekly
Comment:
I do not believe price will break 1.17721 at all