Here in this chart starting in the higher TF we can notice lots of selling pressure. Every time price hit this key level we can notice a significant sell off.
From previous new in the past few weeks we can notice a strong Supply zone to look to sell from. This supply zone has a clean Mitigation Block within it.
If we sell this Supply zone it will be a strong possibility that we break out of this parallel channel giving us a break out.
Dropping down into the 6H we can notice a first target being the sell side liquidity. Im targeting here as the demand zone has been invalidated from this previous price movement giving me good conditions to sell into
Please do feel free to follow me or dm me about this read
From previous new in the past few weeks we can notice a strong Supply zone to look to sell from. This supply zone has a clean Mitigation Block within it.
If we sell this Supply zone it will be a strong possibility that we break out of this parallel channel giving us a break out.
Dropping down into the 6H we can notice a first target being the sell side liquidity. Im targeting here as the demand zone has been invalidated from this previous price movement giving me good conditions to sell into
Please do feel free to follow me or dm me about this read
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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.