3 daily supply levels were formed within a Weekly supply level after price eliminated a Weekly demand area.
Monthly is out of alignment. Price needs to close below 81.486 in order to realign Monthly trend.
Price action is telling me to look for short opportunities, since last month's candle shows a bearish engulfing pattern. Monthly supply is in control.
If you are applying Supply & Demand methodology in your trading plan, or mere interest,
Be sure to follow me on Tradingview and share your views.
Monthly is out of alignment. Price needs to close below 81.486 in order to realign Monthly trend.
Price action is telling me to look for short opportunities, since last month's candle shows a bearish engulfing pattern. Monthly supply is in control.
If you are applying Supply & Demand methodology in your trading plan, or mere interest,
Be sure to follow me on Tradingview and share your views.
Trade active:
Limit order around 83.510 triggered
Trade closed: target reached:
Congrats to those whom achieved profit from this trade.