Price has been playing out nicely according to my analysis. Price took out buy-side liquidity before taking the sell-side liquidity, to mitigate the current bullish POI at 5.05. If price wants to go higher, this bullish POI will be respected and we would see at least a reaction into the newly formed bearish POI at 6.96. I'm expecting price to do a bullish retracement from here anyway.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.