This market is reacting perfectly to Supply zones left over by the institutions. The fact we are having these reactions indicates that supply is in control as of current. I am expecting this to continue as even on the lower timeframes we can see continued Bearishness.
Through the use of a Forex sentiment I can also see that the majority of volume is to the Bearish side. As a result I am watching different Supply Zones to take Sell positions from to capitalise on this move. It is worth noting that price right now is in the discount and ideally we want to sell from the premium.
I will continue to identify Supply zones whilst watching price break down to trade any new structure that appears.
Through the use of a Forex sentiment I can also see that the majority of volume is to the Bearish side. As a result I am watching different Supply Zones to take Sell positions from to capitalise on this move. It is worth noting that price right now is in the discount and ideally we want to sell from the premium.
I will continue to identify Supply zones whilst watching price break down to trade any new structure that appears.