In life, we buy wholesale and sell at retail, not the other way around. The price has gotten expensive, it's prudent to be a seller than a buyer. Just a 3:1 Reward to Risk trade for intraday income trade. Sell at 1.0675, Stop loss at 1.0707, Target at 1.0579.
Price is falling like a knife, right into the institutional demand area (in yellow). Take a long for low risk, high probability set up for 3:1 reward to risk trade. Who's selling - novice. Who's buying - banks and institutions.
Rally base rally setup on the weekly, we call it demand zone, the areas in which stacks of unfilled institutional buy orders are ready to be filled, it's like gravity, it's stealth, can't be seen, but exist nonetheless because you can't unseen it, it's sort of like footprint on snow, there are evidence right in the chart. The upper zone above current price is...
