Price is on a downtrend for a couple of weeks now and it is currently moving up i.e. pulling back to retests supply zones, OB, or broken structures.
I am anticipating Price to getting to 1.2585-12592 where I have a supply zone drawn, which is also the 50% Fib retracement level and show a rejection/signs of weakness, which would make me sell for 200+pips.
Price is currently at 1.2510 and you can choose to buy here towards the supply zone at 1.2590 since Price has broken a supply region, and it is currently retesting it before it shoots up towards my supply zone.
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍ if any of the concepts makes sense to you or not.
Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
I am anticipating Price to getting to 1.2585-12592 where I have a supply zone drawn, which is also the 50% Fib retracement level and show a rejection/signs of weakness, which would make me sell for 200+pips.
Price is currently at 1.2510 and you can choose to buy here towards the supply zone at 1.2590 since Price has broken a supply region, and it is currently retesting it before it shoots up towards my supply zone.
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍ if any of the concepts makes sense to you or not.
Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
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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.