POSITION TRADERS! LONG AT 0.61292

29 мая 2022 г.

2nd March 2009 - 1st June 2011
Strong Bullish momentum breaking through Feb 2008 Significant High at 0.82169, This rally created a new ALL TIME HIGH AT 0.88363

Price has been trading within this range(0.48908-0.82169)for about 10years now

2nd March 2020, The market dipped in hunt of Stops against 3rd Aug 2015 Support at 0.61629 and rallied back up into the Trading Range, this dip was not a surprise because it shot straight to mitigate an OrderBlock from 2009 March below 0.58753 and still failed to clear March 2009 low

After Mitigation, the Market started offering new high prices breaking Old highs within the Trading range, this is an underlying sign of strength

i am anticipating price to continue its rally to the top of the Trading range (wyckoff accumulation) after Mitigating 0.61292 OrderBlock

1200+ pips (long term) Buy
500+pips (short term) sells from 0.67272 down to 0.61292