Price is showing signs of lower highs. Looks like a downtrend is now starting.
Price has come back to support zone but like there is still some buying power so I'm waiting for price to retest the previous high. If price shows rejection I'll be going short.
I could be wrong though, price could just tank. But I think New York session will buy and bring price up to previous high.
All good!
Price has come back to support zone but like there is still some buying power so I'm waiting for price to retest the previous high. If price shows rejection I'll be going short.
I could be wrong though, price could just tank. But I think New York session will buy and bring price up to previous high.
All good!
Comment:
As predicted - New York session is buying, waiting for price to hit resistance zone/previous high then going in on a sell.