suply level and harmonic patter shown. Price clearly at a supply level with signs of rejection. failing to make new high and harmonic pattern displayed. entry candle also given
Based on previous times we can see this level is a key and well respected supply zone. Price consistently behaves the same way when reaching and then dipping below. We can also see a big wick, giving further indication that the sellers are stepping in driving price down. I caan see a 100 pips here for the taking on a sell possibly more.
Selling pressure being shown in wicks and price being driven down. we can see that sellers have previously stepped in at this price level multiple time. pattern repeating itself.
