As mentioned above in the chart, the price action has made a V-shaped return to the supply zone marked in red.
In such a scenario we refrain from selling in that zone.
Further, there is another, better, supply zone just above on the 4h time frame.
If the price reaches to the mentioned zone then we initiate a short on this pair with a stop loss just above the zone.
We will monitor as we go ahead.
In such a scenario we refrain from selling in that zone.
Further, there is another, better, supply zone just above on the 4h time frame.
If the price reaches to the mentioned zone then we initiate a short on this pair with a stop loss just above the zone.
We will monitor as we go ahead.
Comment:
Short is coming soon!