Posteo
huzaifa chohan
Initial thoughts were price would take out the equal lows - which it has - but sweep and reclaim, before pushing higher.
Instead, we've taken out the equal lows, and are forming a tight consolidation just below the former range we broke down from. This isn't bad - just a different variation of the setup that I had in mind.
In the bullish case, this is manipulation before we reclaim the imbalance above (> 1.3717) and then expand higher from the overall consolidation structure.
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