Time to SELL or More Buying Today May Give Clues???

We got the break out of the previous resistance at 138 yesterday and approaching the untested weekly SUPPLY/SELL zone starting at 139 this is an area I expect to start seeing sellers come into the market though cannot rule out a move up towards 140.


Looking at the 12hr and 8hr charts this pair is very over extended indicating sellers will be stepping in soon either for a pull back and test if 138 or a close back below for a false breakout

Today I will be looking to see if we actually get a weekly close above 138 if price falls back and closes below this level today I will be entering a short position.

If we do get the weekly close above 138 I expect a move above 139 then to get a big sell off inside this area and will be looking for sell signals from my TRFX indicator on any chart above the 6hr.

My first target will be 134 before moving down towards 130 and maybe hold for longer.

Will keep you posted on how today plays out and if a trade has been triggered.

Good luck please like and follow