DIAGONAL RESISTENCE IS BROKEN, BUYERS ARE IN. I AM LOOKING FOR AN OPPORTUNITY TO BUY TO SUPPLY.
Strong demand zone. From Monthly time frame we have a demand zone nesting till daily time frame around the same area. When you drill down further on H4 we have a demand QML. Usual for the institutions in nested zones it becomes expensive on liquidity for them to deep/go further than the daily time frame zone, therefore I perceive an institutional spike at the H4...
After COVID-19-ECONOMIC CRUSH, AN ECONIMIC CRUNCH MUST COME. WE ARE HAVING A SELLERS STRUCTURE. WE HAVE A LEVEL OVER LEVEL SUPPLY ZONE WHICH IS OUR FIRST AREA IN CONFLUENCE WITH A TRENDLINE AS MY DIAGONAL RESISTENCE. ABOVE THESE LEVEL OVER LEVEL ZONE AREA WE HAVE ABOUT 3 NON-FILLED ORDERS SUPPLY ZONE. I AM ONLY LOOKING TO SHORT IT TO 1998 MONTHLY DEMAND ZONE.
ABOUT 4 WEEKS BACK I WARNED SELLERS, I SAID SELLERS BE CAREFUL.
POSSIBLE FALL AS WE CREATE A PROBABILITY TO RISE. GOIN FOR A TURNING POINT TO THE DOWNSIDE TO PICK NON-FILLED ORDERS.
POSSIBLE NON FILLED ORDERS ZONES FOR GBPCAD, WHERE PRICES COULD TURN