Hey guys, these are the key levels IMO for traders who are looking to take short term entries for this ranging price action. We currently have an inner bearish flag playing out, lets see if it will take effect. If price breaks the bearish flag to the downside, we'll be expecting around a 115 pip move, around the same movement as the initial impulse. Further downward momentum to be expected if price can also break and close below the Neck as marked in chart. Be aware of getting faked out in this trading range, always wait for confirmation.
Charting includes : Volume profile, Supply and Demand, Classic patterns.
As always, stay safe.
Charting includes : Volume profile, Supply and Demand, Classic patterns.
As always, stay safe.