GhostAnalyst

GhostAnalyst

respecting major support resistance levels in confluence with 1h zones. price action is still significant a for buy in the longer time frame divergence in price and strength indicate a short term sell

GhostAnalyst

4 hour chart ADX strength of the move has died down moving average crossed respected demand zone

GhostAnalyst

Over sold, market is hitting respected price within a range. if market doesn't break 38.2% fib level then Take Profit at TP1. around 132.50 We are looking for confluence if market breaks 38.2% then move Stop Loss to break even with a target profit at 61.8% at a price around 135.00 500 point run with a risk reward of 5:1 Set a Stop Loss at 130.00