Weekly TF: Price is now currently trading around a strong-looking weekly supply area at 0.94546-0.93081. If sellers enter the market here, we can likely expect active buyers to be situated around the weekly R/S flip level support at 0.90927.
Daily TF: A beautiful to-the-pip reaction has been seen around daily supply at 0.94546-0.93702. If this selling continues, the first trouble area for the sellers on this timeframe is likely around a daily decision-point level at 0.93019.
4hr TF: It seems we may have missed the boat on this one! The 4hr supply area at 0.93911-0.93746 was untouched, making this zone an ideal place to short at, and we did not see it! All is not lost though, we know pro money love to get the best prices on all of their trades, and this one is no different. Price may very well still trade deeper into this 4hr supply area aiming for where the initial ‘decision’ was made to push prices south. We have placed a pending sell order around where the decision was likely made at 0.93845. Having our sell order so deep within this 4hr supply area may work to our advantage (if it’s filled of course), since we are now avoiding the possibility of pro money faking above this 4hr supply area to the round number 0.94. So, for now it’s a waiting game.
Pending orders/P.A confirmation levels:
• Areas to watch for buy orders: P.O: 0.92635 (SL: 0.92410 TP: Dependent on how price approaches) P.A.C: No P.A confirmation buy levels are seen in the current market environment.
• Areas to watch for sell orders: P.O: 0.93845 (SL: 0.94078 TP: Dependent on how price approaches) P.A.C: No P.A confirmation sell levels are seen in the current market environment.
Daily TF: A beautiful to-the-pip reaction has been seen around daily supply at 0.94546-0.93702. If this selling continues, the first trouble area for the sellers on this timeframe is likely around a daily decision-point level at 0.93019.
4hr TF: It seems we may have missed the boat on this one! The 4hr supply area at 0.93911-0.93746 was untouched, making this zone an ideal place to short at, and we did not see it! All is not lost though, we know pro money love to get the best prices on all of their trades, and this one is no different. Price may very well still trade deeper into this 4hr supply area aiming for where the initial ‘decision’ was made to push prices south. We have placed a pending sell order around where the decision was likely made at 0.93845. Having our sell order so deep within this 4hr supply area may work to our advantage (if it’s filled of course), since we are now avoiding the possibility of pro money faking above this 4hr supply area to the round number 0.94. So, for now it’s a waiting game.
Pending orders/P.A confirmation levels:
• Areas to watch for buy orders: P.O: 0.92635 (SL: 0.92410 TP: Dependent on how price approaches) P.A.C: No P.A confirmation buy levels are seen in the current market environment.
• Areas to watch for sell orders: P.O: 0.93845 (SL: 0.94078 TP: Dependent on how price approaches) P.A.C: No P.A confirmation sell levels are seen in the current market environment.
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