The overall structure remAins bearish, with prIce continuing to show weakness across higher timeframe. The daily FVG (as shown) already has already been traded into and showed a bearish reaction, indicating that liquidity has been likely been collected from the imbalance area. On the H4, a new FVG (as shown) has recently printed, aligning with support level that price is currently respecting.
The expectation is for a daily candle to close bearish, confirming sustained downside momentum. A break and retest of the H4 support to the downside would signal a potential continuation setup, offering a clean opportunity for short entries targeting lower liquidity pools or the next higher timeframe discount zone.
The expectation is for a daily candle to close bearish, confirming sustained downside momentum. A break and retest of the H4 support to the downside would signal a potential continuation setup, offering a clean opportunity for short entries targeting lower liquidity pools or the next higher timeframe discount zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.