USOUSD Daily: 22/02/2023: Will buyers push the price up?

As you can see, the price is in the bearish structure and we expect the price to see lower levels. I am bearish till the price is below the weekly resistance.

But for now, we can see that price move in the trading range for a while and it means there is huge liquidity on both sides of this range.

In addition, we are under 50% of the previous bearish wave so we are in discount and searching for a buy setup.

In that case, from here or low time frame demand zone with low time frame confirmation we can go long.

our first target can be the supply zone and then 50% Fibo level and finally, above 83.31 we can close our position.



💡Wait for the update!
🗓️22/02/2023
🔎 DYOR

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Comment:

Still valid!