Price is at a supply level, this level has been broken in the past therefore I consider this as "weak supply" However, I do like the strong movement and how the price left that level before, it makes me think we might have a new opportunity.
I would wait for a clear reversal pattern such as: Double Top, shoulder head shoulder to place my sell entry taking profit near the demand zone right there below.
yeah waiting for price to give confirmation b4 looking to sell. i want to see a big move that breaks a lot of demand telling me sellers are taking control.
UnknownUnicorn2505651
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@MoneyballAustin, I see as well many Euro pairs are getting weak and they have been unable to create more Higher Highs, so as of now it looks good.