Price is in control of Quarterly Supply zone and reaction by market on that zone was proper, with created new Monthly and Weekly Supply zones. It is possible to look for price action signal on Weekly timeframe to short or wait if price retrace to Monthly Supply zone.
Very long time target is the opposed Demand zone.
Price in control of Monthly Demand zone with Monthly in an uptrend. Potential long at least to opposing Weekly Supply zone.
It can be observer price action on Weekly timeframe: price broke last week high.
For Oracle Monthly uptrend was broken so now it is possible to trade short according to Weekly downtrend after price return to Weekly Supply zone, with target to the oppodisng 3 Month Demand zone.
It may be named also as countertrend trading according to 3 Month uptrend.
Is it time to drop of price?
Weekly uptrend was broken, so price will look place where are some Buyers, normaly higher timeframe Demand zones, Monthly Demand zone is waiting, but I'm not sure that price will back there.
For now very possible drop to 1.145 then even to 1.10.
W1 --> uptrend. Price in control of Supply zone.
D1 --> close to break the uptrend.
If price break the Daily uptrend, then following the higher timeframe trend we should look for long trades from Weekly Demand zone and nested Daily Demand zone.
Pair in strong uptrend from Monthly do H4 chart.
Price is in control of Monthly SZ and fresh (not fully original) Weekly SZ.
When want to follow trend should look for buy setup, so now it is high risky because of the Weekly SZ.
Wait to price drop down to opposing W1 DZ or to remove current Supply zone.
On m15 chart can be observe that price brek out from distribution range.
Earlier there were occurred SOT pattern, "spread" candle and false brekout for short.
Actually based on cumulative volume analysis we see that some money were put on long direction.
Possible move up on that pair. Actually price is moving in showed range without breaking it.
Buyers don't appera on market by clearly visible way, but there was showed first signs based on today buy wave around 15-18.