buy to sell set-upGer30
Price formed an all-time high at 18 921. It must be noted that the swing responsible for this high has been bridged by price recently and formed a new swing low at 17 024. Now we focus on the price within this mentioned price range looking for selling opportunities targeting or new formed low. It have a supply zone at 18 584 which is to be used as our area of interest as it is this price level that will validate our set-up and a break and close above this area will invalidate out trade. Most importantly price has to return to it within 30 days for us to consider taking the sell.
For price to reach this level we have to technical zones which we can’t rule out which are old swing low areas, respectively; 17 945 and 18 175 which much more expected of price to respect as it recently formed and it in more closer to our inner 4hr/1hr supply zone targeting the newly formed swing low at 17 024.
We have x2 set-ups
-The retest of the broken old swing and
-the retest of the supply zone
