Hello,
The line below shows the High Liquidity Zone(HLZ) which is Significant Support Resistance(SSR) been touched many time. Therefore, the pattern will show up as a Quasimodo because H1 structure breaker has been occur. Now, we are waiting to the price coming down a bit and watch the price action. If the price give a sign to be reject on that line, we will get the opportunity to take long position.
Sincerely,
DON
The line below shows the High Liquidity Zone(HLZ) which is Significant Support Resistance(SSR) been touched many time. Therefore, the pattern will show up as a Quasimodo because H1 structure breaker has been occur. Now, we are waiting to the price coming down a bit and watch the price action. If the price give a sign to be reject on that line, we will get the opportunity to take long position.
Sincerely,
DON
Kommentera:
nice analysis right? but the price missed the level that i ordered!