Found a good setup. New monthly candle formed, Monthly price action states thar we are still bearish in the trend.
Weekly supply zone created taking out opposing demand level.
Daily out of alignment. Price is starting to look for correction, I reckon it'll return to Weekly supply where I will be shorting.
Target is around 102.00s since price action in Nov 2016 shows lots of long orders absorbed. That's my take of it.
Weekly supply zone created taking out opposing demand level.
Daily out of alignment. Price is starting to look for correction, I reckon it'll return to Weekly supply where I will be shorting.
Target is around 102.00s since price action in Nov 2016 shows lots of long orders absorbed. That's my take of it.
