Analyzing price from the 4H time frame, we can see that price respected the 4H demand zone and made its way to the upside to 1801.86. This is a key level as sell orders were placed and price then reversed.
Secanrio #1- A break of this order zone would indicate a bullish market and price could potential return back to the 4H Supply Zone.
Scenario #2- A break below the 4H Demand Zone would indicate a sellers market and price could fall to the LL of 1680.
Thank you to all and happy trading
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Secanrio #1- A break of this order zone would indicate a bullish market and price could potential return back to the 4H Supply Zone.
Scenario #2- A break below the 4H Demand Zone would indicate a sellers market and price could fall to the LL of 1680.
Thank you to all and happy trading
Please leave a comment for feedback