On the Daily timeframe, we are witnessing a flip of a previous strong demand zone. We have two scenarios and possible option on how to trade them;
a) After the break of structure, we anticipate a correction targeting a previous supply. At this level we can sell targeting the order block in green or the fair value gap.
b) After the break, we can witness a bearish continuation with no bullish correction targeting the same levels identified above. If this scenario we will buy targeting the unmitigated supply.
a) After the break of structure, we anticipate a correction targeting a previous supply. At this level we can sell targeting the order block in green or the fair value gap.
b) After the break, we can witness a bearish continuation with no bullish correction targeting the same levels identified above. If this scenario we will buy targeting the unmitigated supply.
Trade closed: target reached
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