A bloody bearish move

28 במרץ 2022

Right now we are moving towards the key level 1989 the last weekly bearish candle high were im expecting price to tap into and reverse from to continue down into previous monthly low. If the monthly candle of march breaks structure we can expect to stay bearish long term and if price respects the structure we will assume we will stay bullish. As of now im taking a long position here at 1956 and taking profit at the POI. If that level is respected then i will take my short position at 1988 to anticipate a move breaking last weeks low and into last months low. This is a very order flow based edge with simple logic of price trading into previous highs and lows. thanks for watching