Hey Traders,
My preference: We will Look for a price action pattern to appear in buy zone on a lower time frame next week before taking entry in the market.
Other Scenarios:
1 - If price reverse before touching the demand zone then we will wait for the market to break 37.80 to enter.
2 - If price breaks below the demand zone and we don't see any sign of strength we will look for a short entry on retest.
Have a lovely weekend!
My preference: We will Look for a price action pattern to appear in buy zone on a lower time frame next week before taking entry in the market.
Other Scenarios:
1 - If price reverse before touching the demand zone then we will wait for the market to break 37.80 to enter.
2 - If price breaks below the demand zone and we don't see any sign of strength we will look for a short entry on retest.
Have a lovely weekend!