Hi all!
There was a breakout for 1 week, there is no point in looking for long trades against a locally downward trend, our zone of interest is the Order Block, from which the correction began.
I expect the price to approach 1.09981, the removal of liquidity from equal peaks and a subsequent decline to the imbalance zone FVG(1M) to the zone 1.04 - 0.997.
Alternative scenario (unlikely)
We don’t follow the liquidity that is on top, and immediately move towards filling the FVG for 1 month. And there we look for bullish steps.
There was a breakout for 1 week, there is no point in looking for long trades against a locally downward trend, our zone of interest is the Order Block, from which the correction began.
I expect the price to approach 1.09981, the removal of liquidity from equal peaks and a subsequent decline to the imbalance zone FVG(1M) to the zone 1.04 - 0.997.
Alternative scenario (unlikely)
We don’t follow the liquidity that is on top, and immediately move towards filling the FVG for 1 month. And there we look for bullish steps.
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