Continued uptrend since the beginning of June when price reached HTF demand. We are now inside HTF supply and will most likely see some LH's and LL's, which is a bearish signal for us. If that's the case, then we would be wanting to go short in that supply zone. When it comes down and touches the trendline once more, we might see some further movement up, or the final break of the trendline, where a new downtrend will be formed.
Trade closed: target reached:
+180 pips