Will This Level Intice Buyers Into Action ??

This pair is moving according to my previous idea after we got the move back up into the early 140's price went as expected and is now at the predicted level of 135 and is creating new SUPPLY/SELL zones as it moves which is very good.


You can see 135 is the start of a untested Weekly/Monthly DEMAND/BUY zone so you should expect buyers to start coming in below 135 for a short term BUY trade up towards the 139 newly created SUPPLY/SELL zone.


Once we get the up swing action towards 139 then this will be a good area to SELL again as I suspect this pair is now correcting this years huge move up and you may see a move back down below 130.


Good luck :)

p.s. read my related post to see how you can predict these moves too