This pair gave a clear sell-off signal at the resistance point.
If you understand order collection and liquidity you should have been able to ride this wave down without an issue.
This leads us to our next question, where is the reversal point?
Similar to the price action found at the resistance, we can expect this at the support region.
I have illustrated the potential liquidity grab before we see retracements on the bearish move.
Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you!
Keep in mind that the analysis provided is not 100% accurate and that you can never be certain of the markets. This information given is not financial advice, always do your own research.
Thank you for reading,
Cheers to many pips!
If you understand order collection and liquidity you should have been able to ride this wave down without an issue.
This leads us to our next question, where is the reversal point?
Similar to the price action found at the resistance, we can expect this at the support region.
I have illustrated the potential liquidity grab before we see retracements on the bearish move.
Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you!
Keep in mind that the analysis provided is not 100% accurate and that you can never be certain of the markets. This information given is not financial advice, always do your own research.
Thank you for reading,
Cheers to many pips!
