R3 LRS 1930 SMC Supply Area - R2 MRS 1923 - R1 HRS 1916
S1 HRB 1923 - S2 MRB 1916 SMC Demand Area - S3 LRB 1908
SELL> 1930 - 1945
BUY> 1916 - 1908
FOLLOW UP
D1 On SNR Sma44/1925 Sma200/1925
W1 On support Sma44 / 1915
MN 38.2% / 1903 Macro Fibo at strong Support
OBSERVATIONS:
The larger time frames are on the edge of rejection or breakage. The D1 TF SNR finaly turned out in resistance but still I have some inner feelings that it will not sustain until Sma44 in W1 at 1915 is holding a support. Further the trend line in D1 also indicating a rise in the price. So we have a clear buy position at the fibo bottom as SMC is also there as demand area around 1916. A sell can still occur at 100% 1930 area as SMC supply zone is also there. Keep 1945 in consideration but not in observation as it is getting far day by day.
S1 HRB 1923 - S2 MRB 1916 SMC Demand Area - S3 LRB 1908
SELL> 1930 - 1945
BUY> 1916 - 1908
FOLLOW UP
D1 On SNR Sma44/1925 Sma200/1925
W1 On support Sma44 / 1915
MN 38.2% / 1903 Macro Fibo at strong Support
OBSERVATIONS:
The larger time frames are on the edge of rejection or breakage. The D1 TF SNR finaly turned out in resistance but still I have some inner feelings that it will not sustain until Sma44 in W1 at 1915 is holding a support. Further the trend line in D1 also indicating a rise in the price. So we have a clear buy position at the fibo bottom as SMC is also there as demand area around 1916. A sell can still occur at 100% 1930 area as SMC supply zone is also there. Keep 1945 in consideration but not in observation as it is getting far day by day.
Comment:
SMC demand area at H4 time frame. Be careful with our buys at 1915-16 area. Keep tite stop loss and do not hold negative trades with larger stop losses.
Comment:
Prev. virtual 1908 SNR. SMC demand area appeared at this point.