Since a BOS to the Downside happened yesterday, we traded the reversal to the supply zone which is currently high above the price position.
⚠️CPI is coming⚠️ and with it comes volume.
I am looking at selling from the supply marked above to target the current low in price as my TP.
ENTRY ZONE is 2035 to 2038.5
Analysis
Since the price has taken low yesterday, creating a BOS to the downside, we need the price to get to SUPPLY ZONE at 70% of the Range between the current high and the current low - Then we sell from the Supply.
:. A Bullish to Bearish CPI might happen - STAY SAFE and Use proper Risk Management and Trade Management.
⚠️CPI is coming⚠️ and with it comes volume.
I am looking at selling from the supply marked above to target the current low in price as my TP.
ENTRY ZONE is 2035 to 2038.5
Analysis
Since the price has taken low yesterday, creating a BOS to the downside, we need the price to get to SUPPLY ZONE at 70% of the Range between the current high and the current low - Then we sell from the Supply.
:. A Bullish to Bearish CPI might happen - STAY SAFE and Use proper Risk Management and Trade Management.