AlbashafFX | Strong Demand Area, Bears are Losing Momentum !
We are currently testing a Strong Demand Area, and the Bears are starting to lose momentum as we can see on the 4H Chart.
On this specific area, we can see some Rejection, with a nice Reversal Bar and the next one which is a Bullish Three Bar Reversal.
Our most likely scenario are the price will rise again and break our current Trend Line, Having small retest and going up.
You can buy after retest of the Trend Line for more confirmation.
a break of our Demand Zone will invalidate this setup.
Stay Safe, Stay Green Brother,
On this specific area, we can see some Rejection, with a nice Reversal Bar and the next one which is a Bullish Three Bar Reversal.
Our most likely scenario are the price will rise again and break our current Trend Line, Having small retest and going up.
You can buy after retest of the Trend Line for more confirmation.
a break of our Demand Zone will invalidate this setup.
Stay Safe, Stay Green Brother,
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.