Broken Supply Zone Retest
Price broke 146.340 and pushed down to 146.000, based on market structure i'm anticipating that this pull up is more of a liquidity grab ( retest ) from the broken zone for price to push down to the next demand zone 145.700.
My goal will be:
1) Look for signs of weakness/consolidation or rejection around the current supply zone.
2) Get a 5-15 minute confirmation for a sell
3) Ride the wave back down
4) Once TP is hit, i'll be prepping for a buy back up to 146.900 if the bullish structure still holds.
My goal will be:
1) Look for signs of weakness/consolidation or rejection around the current supply zone.
2) Get a 5-15 minute confirmation for a sell
3) Ride the wave back down
4) Once TP is hit, i'll be prepping for a buy back up to 146.900 if the bullish structure still holds.
Order cancelled
Sorry, i meant shorts instead of longs
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.