If you back Things out a bit to Daily Chart there is a Nice looking supply zone
sitting a nudge ahead of were price has been lately. We currently are sitting in lower
timeframe consolidation. Look out for one last push to this supply area before any sort of
major change in Direction.
Look for shorting opportunities in this zone w/ s/l buffer above top of zone...
Thank you for checking out my Trade Idea on this Pair!
Very Strong Supply Zone on Hourly Time Frame
Set S/L Just above swing High and Target One is @ 1:1
Target Two is roughly 2:1 for now will be adjusted after TP1 is Acheived
Follow me if you are interested in more Trade Set-ups Using my Supply/Demand Price Action Zoning
Looking at Area of Supply to hop on too Train Heading South of the Border
We are Currently Sitting in Area of Supply on Daily Chart just waiting anxiously to continue the Trend
No Tweeting Mr. Trump!!!
The Pound has been Pounded lately"No Pun Intended lol" due to Brexit uncertainty and all that
BUT.... This long overdue, overextended bull run up For Euro I believe is finally gonna
meet a few bully zones up ahead as these are outlined in my chart. Will look for some sort
of confirmation into these zones but if they hold up could be some Nice Profits to downside ...
Good area of recent supply on 15min chart
Could see a false break from Triangle formation up to area of supply then downward momentum to pick up steam again at that point
A nice potential 2:1 Possibly more if RSI stays between 40-60 upon zone entry meaning good probability price can break even further to fresh lows :)
Let me know what you guys think
Multi tested 4-Hour Demand Area being put to the test again.
Kiwi holding on for dear life around this .6500 level.
Dollar strength has me worried this level will potentially break soon
Your guys thoughts are welcome
Buyers Clearly rejected at a strong Supply Area also while previously had established a nice Demand Area Below.
Could Possible see Price Test these Area's a few times before continuing uptrend or Reversal in Trend.