Good day traders,
As you know we are currently in a steep downtrend, we have dropped 3470 pips from friday, we saw a massive rejection from the 8917 region during the NY session, market corrected and we continue to see further momentum from sellers, market consolidated and ranged between two zones the entire day, i believe we will see a moderate pull back to the 9000 region, i will be looking to short from there to the demand zone as indicated.
I have inserted the market indecisions with dotted lines, major support resistance with solid lines.
As you know we are currently in a steep downtrend, we have dropped 3470 pips from friday, we saw a massive rejection from the 8917 region during the NY session, market corrected and we continue to see further momentum from sellers, market consolidated and ranged between two zones the entire day, i believe we will see a moderate pull back to the 9000 region, i will be looking to short from there to the demand zone as indicated.
I have inserted the market indecisions with dotted lines, major support resistance with solid lines.
Trade active
Trade closed: stop reached