On the weekly timeframe I have a POI for a potential reversal to the upside (or at least a retracement), which is at a 2 week FVG, possibly digging into the weekly wick Consequent Encroachment slightly below.
Price recently reacted off the high of a NWOG this week. I am keen to see how it plays out from here.
-R2F
Last monthly price fell short of a monthly FVG and this month retraced lower that last month's low.
Price is currently finding some support at a confluence of PD Arrays (Monthly Order Block, Monthly Breaker Block, and Consequent Encroachment of a inverted monthly wick).
I have no bias at the moment on this timeframe as price could go either way, and we may see...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
