USDHUF Buy after re-tap of PWL.

8 thg 12, 2022

USDHUF

Price has been funneling hard. It did a brilliant move to downside for a false breakout which took out all buy-side liquidity. Watching for price to tap PWL before making a move upside to take out all sell-side liquidity as all buy-side has been exhausted.

8 thg 12, 2022

Bình luận

Additional confluence for buy: PWL + OB created by false breakout.

13 thg 12, 2022

Bình luận

Price dropped conveniently on news to take out PWL as previously outlined. One thing to note: price likes to go to MAX PAIN levels therefore patience is key, watch the 1M candles for BOS to consider entering a trade. Overall directional bias remains the same.