Looking to go short. Price has reached a fresh Supply Zone where I'm expecting to be a lot of sell orders in this area. Price might go to resistance area of 151.220 before dropping. Happy Trading. Engulfing pattern formed on 30min indicating some of the sellers are beginning to step into play.
PS. Trade at your own risk. Don't trade with money you can not afford...
Daily Fresh Supply area. For precise entry Turquoise line marked safe entry level but you can look to enter longs now. Nice clear pathway upwards for a nice 5:1 risk reward ratio. Get Paid!
PS. Trade at your own risk and use proper risk management.
Strong Supply zone ahead. Originated on the daily and when you break it down into smaller time frames you can see the actually supply zones formed. It will take a lot of buying power to break through the two supply zones in this area. Selling power is kicking in as wicks are being formed on the smaller time frames as price struggles to reach the zone.