Monthly supply zone has sent the price back. In weekly timeframe, there occured two pinbars and last weekly bar broke the pin and 1.2111 level was taken out. Any daily bars closing below 1.2080 may let the price to the daily demand zone. There is a confluence between demand zone and uptrendline about 1.1963/1.1925 level. This level can be a strong support so watch...
Daily demand zone rejected the price, but it is weak reaction. The last pin may have consumed demand , Friday candle filled the pin. Any daily bars closing below 1827 may let the price to the lower lewels. First level to follow is r turned to s zone. Below it, there is fresh demand zone with an engulfing pattern.(1787/1777). Daily pennant was broken down and the...
Awaiting sell in the supply zone. Watch for price action in lower times such as engulfing, pinbar rejections, compression upward cleaning pocket demands and so on. Nearest target is resistance turned to supply zone. Any time frames, any pairs. Price is everything. (On behalf of Redsword)
Price is currently in a s turned r zone. If this level is taken out, pennant target is around bearish fagpole on the chart. He is a bearish flagpole
cycle to the suppy. Any time frames, any equities, any pairs....Price is everything. (On behalf of RED)
