Wishful scenario for demand zone creation at 4275. Hope this will confirm the RALLY i been expecting for retail traders to take. Dont go down too fast spy.
I am already holding this from 720 levels.
But current charts on Daily and Weekly Time frame is looking interesting again,
I am looking to add more qty once we close above the BLUE trendline.
Basically one can go long above 810 levels with an SL of 695 on weekly closing basis
The upside is open sky, immediate targets can be 850/940/1100/1250+
Price is starting to show momentum up after hitting the sliding parallel. Look to see if price will continue up and try to take out recent highs near 2450.
WEAKNESS IN NZD PAIRS.
DAILY TREND STRUCTURE & H1 BR TESTED, BREAKING THROUGH THE DAILY SWING EQ.
ANOTHER H1 BR FORMED WHICH WAS RESPECTED - CONFLUENCE WITH SWING EQ, MARKET STRUCTURE & PREVIOUS WEEK EQ. STRONG INDICATION THAT PRICE COULD TRADE LOWER.
FOR THE UPSIDE 4HR OB & TREND STRUCTURE RESPECTED (NOTED ON THE CHART). CREATING ANOTHER SWING POINT.
H1 BR...
