Supply zone with the formation of a drop base drop stops are as shown and take profit is there as well. RR is about 1:3 this should play out over the next few days since price was not able to breakthrough on the retest of the rally base rally.
Long position because the selling pressure wasn't able to take out the swing low and buying has moved up their orders to the fair value gap that has formed last week. Targeting a new high from the range from the last few weeks.
Demand zone formed on the 4 hour chart is retested. RBR for a scalp to the most recent supply zone because selling pressure should have eased up and shorts will be covering near here. A scalp since we are being first in the long positions and taking the counter trend position. Once we see a reaction off this supply zone we might take another long position at the...
