Yesterday during the Fed news segment as the long positions gathered, a large number of long orders were filled around our set supply zone
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Due to the large spike up and the slow reaction back down, it can be assumed that the trend is now bullish and we are witnessing a pullback
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The resume of trend is expected once price has returned to our supply zone and a divergence occurs within the RSI
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Price is expected to reach previous daily high at 1.13974 , while invalidation is set at the 1.13257 area
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Due to the large spike up and the slow reaction back down, it can be assumed that the trend is now bullish and we are witnessing a pullback
-
The resume of trend is expected once price has returned to our supply zone and a divergence occurs within the RSI
-
Price is expected to reach previous daily high at 1.13974 , while invalidation is set at the 1.13257 area
Note
It is entering a demand zone I apologize! Typing supply so much has entered an almost automatic reaction!
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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.
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.