Upon analyzing the market, it has been observed that the higher time frame indicates a potential bullish continuation. However, upon inspecting the daily chart, it is evident that there has been a shift in momentum and a possible takeover by the buyers in the long term.
In the 4-hour chart, the previous order block (OB) was tested, leading to a break of structure. As a result, a new 1-hour OB has been refined and could serve as a potential entry point for a long position with the nearest liquidity zone as the target.
In the 4-hour chart, the previous order block (OB) was tested, leading to a break of structure. As a result, a new 1-hour OB has been refined and could serve as a potential entry point for a long position with the nearest liquidity zone as the target.
Trade closed: target reached:
tp smashed