we are kicking of the year with a clear technical rejection from $1050 to $1112 weekly supply zone. Price pushed agressively into this area and has now printed multiple rejection candles on the daily, confirming the zones strength.
fundamentals are showing bearish positioning aligned with the technical setup.
entry wil be at market open. first target is at break of recent support and if fundamentals stil support the bias by then we wil also aim for target two.
simple structure, clean confirmation. lets see if price delivers.
fundamentals are showing bearish positioning aligned with the technical setup.
entry wil be at market open. first target is at break of recent support and if fundamentals stil support the bias by then we wil also aim for target two.
simple structure, clean confirmation. lets see if price delivers.
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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.