I will be watching 2 demand levels to buy. For the first D, I will make sure that those pockets of supply should be absorbed first.
The pair just jumped up for another supply retest and found a tiny supply level from a 3min time frame. This looks good and watching it out.
I think it is time for me to put sell entry here as what my plan is.
Still aint able to break a daily supply though retested. I will play hide and seek here. Will be watching out my levels.. long or shorts
I just found a good demand formed just earlier during the EU open..
The pair is nearing the 4hr supply level. a nice level to trade with, but take extra careful on the pockets of demand below else if these levels are absorbed, then a good sell.
The pair has been trading uptrend for many months now. Thus, a retrace downwards would be an opportunity for us to buy as shown on the chart for 1hr tf.
The usd index just continuing its downtrend move and will expect for the coming days to chop again the former pivot area.
I will be buying at the demand level where this trend begins. At least will play this for an intraday basis.
During the Asian session, looks like novice players came in to the market and drove the price higher until it reached a massive amount of institutional willing sellers. SLs were triggered to add up the momentum downwards.
This pair just gained momentum to the downside on European open, thus continuing its trend to the downtrend. For the early Resistance, I will be taking a sell in 30min at around 1.24249; sl 1.24380 with TP at around 1.23978. Perhaps a TP1 will be taken on early entrancement to the upside.
My long at 1min failed and will be backing up to a higher time frame and found a good buy level before continuing to the upside. Lose small win small and big!
A good demand level that may hold the price to the upside. Will buy on retracement - very short term 1min., careful.
I will be taking a sell position once the price retraces back from its origin.
Yesterday US Index weakens and will be watching out further movement to the downside..