roxy06
Daily is at SUPPLY level. Chart pattern on daily chart shows rejection pin bars. Also on the 4h Chart, you can see an inside bar pattern which is an additional confirmation to support a sell bias.
At 4hr Supply Zone, looking for a pull down to 72.600 as long at price breaks trendline (green trendline).
looking for a push to supply level (horizontal line) then a sell down to previous demand
As long as the daily supply level is respected. Then price will be going down to the next support/ demand level.
Weekly/Daily support zone. Looking for possible rejection as a falling wedge pattern develops
possible rejection of supply or resistance zone. Rising wedge pattern, so looking for short opportunities
At strong supply level. On lower time frame 1h, there is a break out of the rising wedge.
At previous demand zone and possibly forming a double bottom. Looking for revesal around this area back up to previous supply zone around 1.16000.
SELL the pair is at a previous supply level, looking for a reversal back down to demand level 0.98100 which is also around 50% retracement.
At previous supply zone look for possible reversal back to demand level around 0.98500 which is also around the 50% retracement level.
At previous supply zone. Also could possibly form a inverse Head and Shoulder pattern.