Usdzar tapped into a daily point of demand on a daily time frame, after it created a change of character then continued to break structure to the upside confirm bullish trend.
All confluence have been met.
1. price confirmed reversal of structure and confirmed further by breaking structure ( drop base really,price dropped ,took liquidity and tapped into the daily poi.price then created a consolidation phase which is the base the price rallied up and broke structure.)
2. After price broke last higher low, created a chock.
3.price created liquidity in a form of trend line
4. Price left imbalance and also left an order block at a discount level of Demand.
2
All confluence have been met.
1. price confirmed reversal of structure and confirmed further by breaking structure ( drop base really,price dropped ,took liquidity and tapped into the daily poi.price then created a consolidation phase which is the base the price rallied up and broke structure.)
2. After price broke last higher low, created a chock.
3.price created liquidity in a form of trend line
4. Price left imbalance and also left an order block at a discount level of Demand.
2