SasanSeifi 💁‍♂ Two Possible Scenarios for the 4-Hour Timeframe

In the 4-hour timeframe, as you can see, after correcting from the 1.11 range, the price is in a range of 1.095. Based on the behavior of the candles, the possibility of correcting the price to the range of 1.084 / 1.080 can be considered.

A scenario that we can consider in the 4-hour timeframe is that the price will be accompanied by a correction to the price range of 1.090 after ranging and confirmation. Then, if there is a pullback, it will again face more correction to the FAIR VALUE GAP and the order block range.

Also, another scenario that can be considered is as follows: After ranging and partial positive fluctuations from the price ranges of 1.10 / 1.10400, after collecting liquidity and confirmation, we will see the price rejected and corrected. In case of positive fluctuations, to better understand the continuation of the movement trend, we must see how the price reacts to the resistance ranges.

Potential trends and support and resistance ranges are also shown in the image above, respectively.


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Comment:

According to the first scenario, the price faced a correction of approximately 60 pips up to the target of 1.088, and then was accompanied by positive fluctuations of 80 pips. From a technical analysis perspective, the previous report is also valid, and my expectation is that the price will again face further correction after the pullback to collect liquidity.

Comment:

TP1 REACHED ✅ 1.084

Trade closed: target reached:

tp: 1.072 ✅🔥