We can see that the price shifted the structure and we are in a bearish market now.
The price created a lower low and mitigated all the supply zones, finally, the price created liquidity below the bearish order block and had a bearish reaction after hitting this zone.
For more confirmation, we need 15 minutes CHOCH. we can define 186.73 as the first target, and then the price fills the FVG.
💡Wait for the update!
🗓️05/02/2024
🔎 DYOR
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Comment:
I should mention that if the price penetrant above the bearish order block, this TA failed.
Comment:
As I expected the price reached 186.73 as the first target and now it trades at around 186.58.
More than 80 Pips so far.
More than 80 Pips so far.
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