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The SPX500 0.42% has created a fresh new supply at the beginning of the recent drop. This supply seems like a strong one, the price drop down from there very fast which Indicates more sell orders that waiting there. I'll wait for the price to return that supply And I'll sell there, my target will be the support zone below, and for those who want to try and Take it ...
Triple top formation on the daily, the next key support is at 1.1850. I would expect it to reach this level within the next couple of days.
EURUSD has finally hit the resistance and there's a clear sign of a reversal , it should retest to the Pink Horizontal line
( 1.19512 Key Level) and hopefully drop straight down!
The bias of the bearish momentum is now back in motion. I have plotted all you need to know on the chart. head and shoulders. broken through a previous support region.
I recommend you [b]hawk the 4 hour chart and wait for a strong reversal candle once the price action reaches the baby blue ray i have plotted as that is what i will be doing.
Don't let greed ...