đ We are not taking $OP
fundamental factors into account because, letâs be honest, they have absolutely no impact on the price movement on the chart!
Weâll focus exclusively on the price action setup. For over a year, weâve been in a downtrend.
Nothing can fall forever, so considering the seasonality and the ongoing QE, I expect the price to find support in a small demand block (to cover the October 10 wick), followed by an impulsive upward move and a structure break on the weekly timeframe.
After that â a test of the weekly FVG and a continuation toward the Weekly Order Block and buyside liquidity zone.
Once the targets are reached, I will update this idea.
If the price moves below the October 10 wick, we enter a free fall into the price discovery zone.
Take profit indicator line marked! Add alerts to this line #OP
