-You can see our major zones there on the chart.
-There is a lot of imbalance in the market with retail sellers being the majority at highs of 89%
-We have our major support of price standing at 1.07100 and bit of an issue at 1.09306 with price resisting upward movent.
-Ill be looking for buy signals on price hitting my trendline as shown. However, if price prints bearish,closing below the trendline, two possible scenarios;
1. Will sell the pair targeting 1.07100s
2. I may wait for price to drop to the demand zone and wait for it to print a strong bullish candle.
-There is a lot of imbalance in the market with retail sellers being the majority at highs of 89%
-We have our major support of price standing at 1.07100 and bit of an issue at 1.09306 with price resisting upward movent.
-Ill be looking for buy signals on price hitting my trendline as shown. However, if price prints bearish,closing below the trendline, two possible scenarios;
1. Will sell the pair targeting 1.07100s
2. I may wait for price to drop to the demand zone and wait for it to print a strong bullish candle.
Note
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.
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.