Analysis as of 09:50 (UTC+2)
The corrective short from the H4 IMB to the PDL looks very interesting.
However, I will need to monitor the approach to the POI to see how clean or, conversely, how weak it will be.
Based on that, I’ll decide whether to expect its inversion and switch to long positions.
The H4 IMB is currently the main problem zone before taking longs, so I’m waiting for price to reach it and will observe the reaction there.
I may work into it very locally, as an H1 long inversion is forming now, which already allows me to look for buy setups.
SL below the AL, and partials somewhere at the start of the IMB.
The corrective short from the H4 IMB to the PDL looks very interesting.
However, I will need to monitor the approach to the POI to see how clean or, conversely, how weak it will be.
Based on that, I’ll decide whether to expect its inversion and switch to long positions.
The H4 IMB is currently the main problem zone before taking longs, so I’m waiting for price to reach it and will observe the reaction there.
I may work into it very locally, as an H1 long inversion is forming now, which already allows me to look for buy setups.
SL below the AL, and partials somewhere at the start of the IMB.
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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.