Due to the weekly support coming in .. if we dont break this we are going to test the high ... i see this going up further more due to structure .. we are going to hit major demand zone and see where this goes.
SUPPLY AND DEMAND ZONES. WAITING FOR CONFIRMATION BASED OF PRICE ACTION. THIS ARE CRITICAL LEVEL POINTS.. AND BEST POINT TO PLACE A CERTAIN BUY POSITIOn. WHY? BECAUSE THIS IS WHERE THE INSTITUTIONAL ARE WATCHING. CRITICAL POINT IN THE ECONOMY.
TRADE WHAT YOU SEE .. THIS IS WHAT I SEE AND PLANNING TO TRADE. PATIENCE AND WAIT FOR PRICE ACTION TO DO ITS MOVEMENT AND REACT.
I WILL REACT LONG IF PRICE GOES BREAK TO THE UPSIDE WITH.. PRICE CAN DO WHATEVER BUT REACT TO WHAT IT GIVES YOU..
RESISTANCE AREA AND SUPPLY ZONE. VERY INTERESTING COMING FROM A STRONG DOWNTREND MOMENTUM. I WOULD SHORT ON THE BREAK RETEST ! SCALP .
IF IT BREAKS UP AND RETEST WE HAVE A LONG OPPORTUNITY. WAIT FOR CANDLE CLOSE OUTSIDE ! AND RETEST!
I am currently short in UJ, We are in a supply level . Gathering more orders. I expect this to move on Tuesday. I got my plans in what will price give me.. GOODLUCK EVERYONE.. SHORT TERM SETUP.. MY WEEKLY SETUP IS STILL GOING ..