Price still pushing up after the Drop... is a short coming?
Updating the movement of this pair in my last analysis after I said the drop to 1.38000 I would want to see a push up / correction and then possibly a change of direction to drop lower again to the unbalanced Daily Demand Zone - I have also marked out the 4hr Zone as well.
So far the push up has tapped into a 1hr Supply but has created equal highs and hit around 50% of the initial drop.
I would not be surprised if it pushed up in to the Supply Area first then reacted there.
You can see from the arrows from the Imbalance Indicator where price has not visited to balance the price.
All I'm doing with the analysis of this pair is logging here and hopefully providing some value as to how I trade Supply and Demand.
As for the trades themselves I take them all on the lower timeframes based off the Higher Time Frame zones.
So far the push up has tapped into a 1hr Supply but has created equal highs and hit around 50% of the initial drop.
I would not be surprised if it pushed up in to the Supply Area first then reacted there.
You can see from the arrows from the Imbalance Indicator where price has not visited to balance the price.
All I'm doing with the analysis of this pair is logging here and hopefully providing some value as to how I trade Supply and Demand.
As for the trades themselves I take them all on the lower timeframes based off the Higher Time Frame zones.
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