EG respected supply and demand really hard in the past and i see it raising to the H4 supply above and it's possible it will go to the other supply zone above. (possible Fakeout into it).
After this i will watch for rejection and go for a short!
We are right now in a daily supply and the market already shows some rejection in it.
But we also got another daily supply above.
It is possible that the market goes down from the first supply but also possible is that we will see a fakeout into the supply above.
Keep this in mind before enter any trades here!
If you like this Trade idea show it with a like and...
waiting for candle close befor I enter.
There are good conformations for the long side:
- at Daily Trendline
- in daily demand
- in H4 demand
- rejections in H1 and lower time frames
- fits with my view on DXY
