From the 1.4551 level we could see buyers coming into the market, but not all entered so the market returned to the area acculating its buy orders.
We recently broke structure at 1.46009 level, this confirms that the orders are all filled. We are looking to reach 1.47604 level as target!!
We are starting to sell toward the 188.038 level, and since this level cause break of structure a lot of traders will be buying from here putting their stops just below the level( using the smart money concept).
But just below this level we have unfilled orders or true demand, the caught traders will allow the unfilled orders to be filled.. for now we sell...
We recently broke a supply area at 19.19152, this tells us buyers are starting to buy. Now we are tapping into the unfilled orders(demand area) at 18.53799.
Accumulation wedge into this area suggest furthermore that buyers are interested in this area. Now the objective of buyers is to break the newly formed high(19.19152). Buyers in control..
Price returned to the 42159 area, this is where we saw true intentions of sellers. Sellers might come in strong to break the newly made low at 38478.. as always stop always is key here!!
The market is testing it's newly made supply for the second time at 72732. The previous sell off at this level broke a strong demand level at 66195. Now since we are tapping into this demand, we expect sellers to come in strong. Sellers look to be in control! First target at 66752!!
Buyers managed to break the 44276(red line) level but couldn't sustain the break. The retest failed and price returned into the level, buyers failed to push up again at 42736(blue level) which tells us sellers are in. Now the sellers will look to take out the previous demand area around 38492. Sellers look to be in control!!
We recently had a break of structure, now the market came in to fill all the orders which were not filled. Objective of buyers now is to try to break the recently made high.
