since price isn’t showing momentum to the upside ( HTF ) and not being able to break daily rejection levels i’m taking a GJ short at the break of lows off newly created supply. SELL STOP 161.050
Trade invalid if price breaks, close above and create new demand at around 161.250
stop is above the supply area for this short term idea but there’s head room of 60 ish...
price is respecting daily and 4 hour demand also creating and respecting new demand so i’m looking for a trade around the 161.000 area once brand new demand is created (indicated by the blue boxed area). i’m hoping to get the setup during this london session but if not i’m thinking Ny vol might push price up. (or down)
trade invalid with break below 160.600...
PRELONDON SHORT
ENTRY BASED ON THE 5 min
break of low after testing most recent supply on the 15min
vol came in top of the hour
looking to take profit once price test indicated demand..
with the vol of pre london it may drive lower than the demand to take out swing low
stop is taking out the high that broke the candle low
also testing demand so price might...
