the price started to rise up after my last update as expected.
now it's moving between two important area as demand and supply zone.
So...I'm not giving any short or long position setup right now but it's important
to know if the price can close above 137 resistant level has a chance to move up.
we should know in longer time charts the main trend is still bearish.
also we may have good demand area between 131 and 133 levels for short term
long position setup.
Enjoy the market
#WOMAN. LIFE. FREEDOM
now it's moving between two important area as demand and supply zone.
So...I'm not giving any short or long position setup right now but it's important
to know if the price can close above 137 resistant level has a chance to move up.
we should know in longer time charts the main trend is still bearish.
also we may have good demand area between 131 and 133 levels for short term
long position setup.
Enjoy the market
#WOMAN. LIFE. FREEDOM
Trade active
as expected touched the supply area.now it worth to add or open short position with the stop loss above the supply area or the trend line.
Trade closed: target reached
...........finally dropped to the demand zone as expected.
Note
main trend is still bearish, however if the price can close above the trend line may pump more or even change the trend. let's see
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Related publications
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.