As per my BUY trade from last month the pair is fast approaching the 1.02 -1.035 Weekly SUPPLY/SELL zone 1.02 being Septembers high I expect the market to take this high out and then have a short term correction towards the 0.99 weekly DEMAND/BUY zone which will become valid when the 1.02 September HIGH is taken out.
The idea for this setup is to wait for my indicator to give a SELL signal on any timeframe 4h to daily as price approaches the 1.02 area and above and then target the 0.99 area.
Lets see how this plays out
The idea for this setup is to wait for my indicator to give a SELL signal on any timeframe 4h to daily as price approaches the 1.02 area and above and then target the 0.99 area.
Lets see how this plays out
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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.