Yesterday during the Fed news segment as the long positions gathered, a large number of long orders were filled around our set supply zone
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Due to the large spike up and the slow reaction back down, it can be assumed that the trend is now bullish and we are witnessing a pullback
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The resume of trend is expected once price has returned to our supply zone and a divergence occurs within the RSI
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Price is expected to reach previous daily high at 1.13974 , while invalidation is set at the 1.13257 area
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Due to the large spike up and the slow reaction back down, it can be assumed that the trend is now bullish and we are witnessing a pullback
-
The resume of trend is expected once price has returned to our supply zone and a divergence occurs within the RSI
-
Price is expected to reach previous daily high at 1.13974 , while invalidation is set at the 1.13257 area
Comment:
It is entering a demand zone I apologize! Typing supply so much has entered an almost automatic reaction!