Prices have rejected off a Weekly FVG and are showing signs of a bearish daily retracement. The recent rally up into the weekly FVG has not broken the daily downtrend as the body of the candle did not close above old highs, so we can consider this area Equal highs with liquidity sitting above.
From my analysis, if prices breaks lower highs (red line) we would still continue with the daily bearish bias looking for prices to return lower. If prices breaks above Equal highs (Green line) Prices are likely to push higher.
What do you guys think?
From my analysis, if prices breaks lower highs (red line) we would still continue with the daily bearish bias looking for prices to return lower. If prices breaks above Equal highs (Green line) Prices are likely to push higher.
What do you guys think?