Price action are showing us potential supply zone to sell this pair.
On weekly timeframe, price is rejected by a big supply zone. by rejection, price created supply zone on low timeframe h4.
Price action are showing us a significant demand zone for buy this pair.
Falling wedge pattern is my favorite trading pattern of chartisme. it's more accurate.
A price consolidation close to my demand zone will be a great confirmation to buy at this area.
Price action showed us aera with high liquidity {1.22500 - 1.22800}.
We can observe 3 days of drop price due to rejection of big weekly supply zone on EURUSD.
I'm expecting price will create correction to sell again. The best zone to sell is zone with more rejection on the passed time
Price action showed us two significant zones to buy silver.
For 1st scene, I expected price will be reject trendline at 24.00000. this zone is fresh base of last Rally.
2nd scene is more acquerate for me due to the recent drop. I can also wait price at 22.50000 or 22.00000 to buy this metal.
I like to analyse Silver because it's my reference to buy or sell Gold.