Trade Day Game Plan: Weakening Supply to Long

Mar 8, 2020

Watching the market closely and different patterns that I personally recognize, I know that even though we are looking for a Short Position, if a Supply Zone is being triggered and not enough pull back for a short, there is a strong sign the Supply Zone is going to lead to a break out to the upside.

Look to entering on the market open when there is a better entry close to the 1.9600 level, but still wait for the market open to play out just in case of a gap up or gap down, then from there we will be able to determine true direction.

Resistance soon to be support @ 1.96728
TP @ 1.9780

Allow the Market Open to settle, by then we will figure out next plan of action.

Happy Hunting.

Mar 8, 2020

Note

We have a Gap Up in the open starting in the supply zone, expecting a pull back, the question is where does it go from there ?

Mar 8, 2020

Note

I would play very cautiously, I haven't entered a trade being that we have to opposing things happening. Taking a Short position would not be of benefit unless 1.9751 and 1.9690 breaks, if prices stays above these 2 points, this will go long until things change

Mar 8, 2020

Note

Short if price goes below 1.9764, will update these numbers as time goes

Mar 8, 2020

Note

if price goes below 1.9744 we are safe to hold until we hit supply zone

Mar 8, 2020

Note

Early Short Position if below 1.9775, safe to hold if after 1.9744