EURAUD - Potentiall Short at the Supply Zone
Updated
This pair overall sentiment is bearish on a htf.
1 - (respecting Level) Price previously bounced at the golden zone (orange), also a previous supply zone (blue), also premium zone (SELL High, BUY Low rule) on 4H or D tf (grey).
2 - (weakening) I saw a divergence on RSI and AO suggesting weakening of bulls
3 - (intention of going opposite the minor trend - sky blue bullish channel) - I saw a change of character breaking two support structures.
4 - imbalance is left because of the impulse, to be mitigated again
5 - potential short at the supply zone
* good luck
1 - (respecting Level) Price previously bounced at the golden zone (orange), also a previous supply zone (blue), also premium zone (SELL High, BUY Low rule) on 4H or D tf (grey).
2 - (weakening) I saw a divergence on RSI and AO suggesting weakening of bulls
3 - (intention of going opposite the minor trend - sky blue bullish channel) - I saw a change of character breaking two support structures.
4 - imbalance is left because of the impulse, to be mitigated again
5 - potential short at the supply zone
* good luck
Note
news got the best of this setup.
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