There is a long leg with 444 pip from starting to downward( monthly movement).
There is a weekly leg with a length of ~215 pip.
While it is accumulating the orders to reach its base, there will be no active order on the specified zone.
Thus whether it could fall sharply or fall after a nice stop hunt.
PS: This is my own view; thus, please trade with your analysis.
There is a weekly leg with a length of ~215 pip.
While it is accumulating the orders to reach its base, there will be no active order on the specified zone.
Thus whether it could fall sharply or fall after a nice stop hunt.
PS: This is my own view; thus, please trade with your analysis.