As I posted in one of my first charts on profile, jasmy reacted very well from demand zone on 4h tf.
Whats next?
Wait for pullback and retest on new demand zone on lower timeframes( 0.0179-0.0172 area)
This represents change of character on bigger timeframes and break of structure on lower timeframes.
Now price needs to pullback and retest new demand zone so it can continue to make new highs.
Drawn arrow is how I expect jasmy to move in next period. Dont short it at supply zone drawn on chart because it may be broken fast!!!
THIS IS NOT FINANCIAL ADVICE, JUST SHARING MY OPINION!!!
Whats next?
Wait for pullback and retest on new demand zone on lower timeframes( 0.0179-0.0172 area)
This represents change of character on bigger timeframes and break of structure on lower timeframes.
Now price needs to pullback and retest new demand zone so it can continue to make new highs.
Drawn arrow is how I expect jasmy to move in next period. Dont short it at supply zone drawn on chart because it may be broken fast!!!
THIS IS NOT FINANCIAL ADVICE, JUST SHARING MY OPINION!!!
