So this is the second retest from last month's selloff. Is there sufficient supply to push price back down?
R:R target - 1:3
SL - 71.85
Entry - 70.85
TP - 67.85
R:R target - 1:3
SL - 71.85
Entry - 70.85
TP - 67.85
Order cancelled
Maybe the retest is valid but seeing as how I've just noticed 2 demand zones so close to a supply that's been tested twice already, I think it could be a good thing.Supply could've dried up and if demand is picking up, going long would be more prudent.
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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.