Based on my technical analysis, there's a potential for the price to drop into the "golden pocket" sell zone and order block. However, please remember this is not financial advice. It's crucial to conduct your own research and utilize stop-loss orders that align with your risk tolerance and reward expectations.
I drew these lines based on historical market structure movements and price action. Hopefully, this provides a different perspective on the market and helps you form your own trading decisions. Remember, we can't control the market, and there's always the possibility that the price could move down as well.
I drew these lines based on historical market structure movements and price action. Hopefully, this provides a different perspective on the market and helps you form your own trading decisions. Remember, we can't control the market, and there's always the possibility that the price could move down as well.
Comment:
While our analysis based on the shorter timeframe didn't play out as expected, the 1h and 4h timeframes indicated a bearish structure. This suggests a potential for downside movement, but remember to conduct your own research and consider alternative scenarios before making any trading decisions.