Reasons to consider getting out of short risk exposure if the highlighted area fails:
Bearish Divergence
Break of Structural Gap
Overextended state
These reasons might trigger some traders to short or sell this pair; however, in terms of probability, the market still favours bullish bias, evidenced by the context to the left.
The break of the highlighted bullish structural gap area can serve as a warning for short risk exposure. If that happens and higher timeframes close below that area, that can be considered as a decent indication towards further downside for short risk exposure.
Constructive discussions are always welcome, just drop a line in the comments section.
评论
⋅
Update So far, bears failed to close the higher timeframes below the highlighted structural gap area. Th bearish divergence played and currently the PA is working the hidden bullish divergence. No reason to quit short risk exposure until that area is overcome by bears.
@GermanGabrielEscuela, yes, though it happened after an upthrust to the stop buy area. Goes on to show how market makers try to maximise volume by trading those areas before going where it should go.