Hello everyone,
This is a continuation of the idea I posted yesterday which is linked as a related idea.
Yesterday I posted relevant FVG and NPOC levels to look at for now. It seems the FVG level was hit precisely, only for price to drop back to the channel which is now acting as support as was to be expected in case of a rejection at FVG level.
I have indicated two zones of interest I am looking at for possible longs or shorts at this point.
Whether or not I will decide to long or short is dependent upon whether or not support will hold, and I will wait for confirmation (retest).
At this point, I think support is more likely to break than to hold. But you never know. Just talking in probabilities.
If you get value from this idea, please leave a like.
Much success, and as always: just an idea - not financial advice.
This is a continuation of the idea I posted yesterday which is linked as a related idea.
Yesterday I posted relevant FVG and NPOC levels to look at for now. It seems the FVG level was hit precisely, only for price to drop back to the channel which is now acting as support as was to be expected in case of a rejection at FVG level.
I have indicated two zones of interest I am looking at for possible longs or shorts at this point.
Whether or not I will decide to long or short is dependent upon whether or not support will hold, and I will wait for confirmation (retest).
At this point, I think support is more likely to break than to hold. But you never know. Just talking in probabilities.
If you get value from this idea, please leave a like.
Much success, and as always: just an idea - not financial advice.
