From the previous analysis, we identified the area in which the market is expected to reject and be bullish. This is the area which that will have more sell stop oders just under it and stop losses of long positions.
If this area is approached in a corrective manner and at the last moment indicates a liquidity sweep, then the bulls will definitely take over and have price push higher.
If this area is approached in a corrective manner and at the last moment indicates a liquidity sweep, then the bulls will definitely take over and have price push higher.
Comment:
The liquidity sweep was greater than expected which made it an even greater opportunity for long position.
Trade closed: target reached