Hi Traders,
The price has reacted extremely well to a Daily supply zone (red box), the bounce reaction is showing us that the sell orders still needs to be cleared.
After the reaction at the daily supply zone, I look to lower time frame (H4) to find an entry at a lower supply zone which is found at the blue box.
If the market is coming back to the H4 supply zone, I will look for short entry with stop above Daily supply or H4 suplly zone for a more agressive trade.
Happy trading
The price has reacted extremely well to a Daily supply zone (red box), the bounce reaction is showing us that the sell orders still needs to be cleared.
After the reaction at the daily supply zone, I look to lower time frame (H4) to find an entry at a lower supply zone which is found at the blue box.
If the market is coming back to the H4 supply zone, I will look for short entry with stop above Daily supply or H4 suplly zone for a more agressive trade.
Happy trading
