The 4 H supply zone (1269/1279) was taken out yesterday, so we confirm the New Demand zone created at 1250.25/1236.75 range.
Since the Daily Supply has almost been absorb, market may be pulled by the upper Daily Supply which is the peak and untested. However, it may come down to test new 4H Demand zone to get the Boost.
A New Supply Zone has been formed in 4H chart inside the Daily Supply Zone.
Its has lots of potential down towards the 4H Demand Zone.
Confluence as the 4H Up trend is broken solidly.
So if the market swings back to the 4H supply zone it would give great opportunity to sell.
Whats your views?? please share.
