confluence of supply zone in control and a possible channel resistance
high probability long term buy
high probability sell
Price recently tapped a weekly supply zone as indicated in the linked idea, so we will be looked to sell from lower timetrames and this just provides one high probabliity sell entry. Its a confluence of 1hour trendline breaking supply and a quasimodo level.
weekly supply held, further downward movement expected.
Price is very low in the curve and in a 2M demand zone, wait for price to retrace to the highlighted demand zone and look for a buy.
price is in a weekly supply zone and hovering below a channel resistance as shown in my previous analysis for gold, so we will be drilling down to the lower timeframes to look for selling opportunities and this setup here offers just that, sell at the top zone which confluences with the descending trendline.