1D -> Even tough price has been bearish for the last couple of weeks and today had an impulsive move down, to me this is still just a pb and I'm expecting price to react to the current daily demand.
H4 -> Price is also coming very close to H4 demand, it's not my favourite zone but it's still valid, considering it was responsible for an impulsive reaction.
M15 -> There's a demand zone at the bottom of the H4. I'll either take a position from there without confirmation, or I'll wait for a reaction at the top of the zone.
H4 -> Price is also coming very close to H4 demand, it's not my favourite zone but it's still valid, considering it was responsible for an impulsive reaction.
M15 -> There's a demand zone at the bottom of the H4. I'll either take a position from there without confirmation, or I'll wait for a reaction at the top of the zone.
Comment:
Strong reaction to daily demand. Now price has a decision to make, either it's going to take the M15 structure (close above) and continue higher to 1.13 or it's going to fail and revisit daily demand to mitigate the H4 level.