Considering an idea where price is bounced of this intermediate demand zone.
Then price to test the immediate supply above with a pullback to the 50 EMA.
Waiting for a pullback after yesterdays impulsive move, would favour Reward. (5.8 R versus 2.8 R) .
Trade on chart .
Then price to test the immediate supply above with a pullback to the 50 EMA.
Waiting for a pullback after yesterdays impulsive move, would favour Reward. (5.8 R versus 2.8 R) .
Trade on chart .
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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.