Supply tapped multiple times so it could break to a new record high, however it seems the supply is also well respected so a short could be possible. After NFP the price broke to 9400, expecting a retest to prove a fakeout in the demand zone. If broken or tested again, we will look to short.
Be prepared for both scenarios.
Be prepared for both scenarios.
Trade closed: target reached:
Our bias was short - however we waited for the one hour close of an accumulation of orders.
The supply acted as a base - breakout and we jumped in.
Target of 9530 achieved.
The supply acted as a base - breakout and we jumped in.
Target of 9530 achieved.