The price has been showing respect to the supply zone sine 19th of July.
For now there is no trading opportunity as the price is still not showing any clear direction.
On the long run, a head & shoulder pattern has been already created below the supply zone and If the blue neck line is broken with a fully liquid candle on the (daily frame) then I see there is a chance that price will drop farther to the demand zone.
In the demand zone wait for a reversed head & shoulder or double bottom pattern to be shaped to look for buying opportunities.
DO NOT ENTER THE TRADES WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES
For now there is no trading opportunity as the price is still not showing any clear direction.
On the long run, a head & shoulder pattern has been already created below the supply zone and If the blue neck line is broken with a fully liquid candle on the (daily frame) then I see there is a chance that price will drop farther to the demand zone.
In the demand zone wait for a reversed head & shoulder or double bottom pattern to be shaped to look for buying opportunities.
DO NOT ENTER THE TRADES WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES
