GBPUSD - 28 February 2022
In terms of HTF, we are in strong bearish momentum, price is reacting off a 4H OB, we get a V-shape recovery, it's sign of demand kicking in. However, based on we are in strong bearish trend and now price has given a 15m bearish CHoCH and price is respecting supply after 15m CHoCH, I will be aware of getting involve.
There is a chance price could continue the bearish now with the newly formed supply chain. Now price has swept the 15m IRL, price is now in the pullback, but whether I want to look for Long depends on whether the low hold, if there is evidence showing the low is holding, I might get into a short-term Long. Else, I will still remain short bias, if 15m bearish CHoCH is presented, I will be favoring in short.
There is a chance price could continue the bearish now with the newly formed supply chain. Now price has swept the 15m IRL, price is now in the pullback, but whether I want to look for Long depends on whether the low hold, if there is evidence showing the low is holding, I might get into a short-term Long. Else, I will still remain short bias, if 15m bearish CHoCH is presented, I will be favoring in short.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.