A SELL OPPORTUNITY MIGHT BE PRESENTED ON THE SUPPLY ZONE ABOVE
It looks like price left us before taking our orders on that strong demand level however it is approaching a reliable supply zone and is forming s raising wedge pattern .We will be interested in selling at that particular price level ,most likely going down to the fresh demand level ,if price action we would be interested in buying again and that particular level...
Price is currently around a short term sell zone and a little beyond the 0.78 fib,for roughly 30 pips minimum .lt would of our best interest to see prices rallying to the top sell zone to enter our shorts there ,there zone right there is fresh and we hope it holds.
A friend asked me to do an analysis on this pair and I realised prices have been rallying from a daily demmand zone which confirms a great possibility of another rally ,retail traders will wait for the break out of the wedge those who know will cause the breakout of the wedge .The best entry will be in the zone or atleast just beyond the 0.78 retracement ,DONT BE...
Currently price is getting into. our supply level in a corrective manner we might need a third touch of the pattern into the zone to get a double confirmation for a sell .
The second demand zone we have been waiting for is about to be hit however the movement could signify a change in trend so we will have to watch price action carefully before buying .
Price is approaching a high and potential zone it should be note that the zone is not fresh ,however prices might react with a fall
for those who have been following us we can agree that our previous zone on EURUSD served us well as a more than 60 pip move was seen ,however prices are heading towards a freshly formed zone and we might expect a movement of atleast 30 pips to the upside .
Price has been in a strong uptrend however two strong supply levels have been identified as circled and price has been struggling to go beyond them .The good part price is approaching a fairly reliable zone which is not fresh however we might look for buy confirmation and take 35 pips .
Given prices go into our zone ,we would be interested in buying till the most recent highs .
The market is currently dominated by sellers and many supply zones have been formed and we are waiting for prices to to get back to those zones and let our orders go with the big players .
Price is currently in an expanding triangle pattern approaching a strong demand level which very close to the upside trend line .