It's very simple in this case, the market is ranging from supply and demand for some time now, and history tends to repeat.
We are going short from the supply to aim for the demand but there is a good chance, price will shoot back up after reaching half our target because overall, the daily structure just hit the support below, so we need to be cautious once we see the price moving, stop loss to entry people.
Good luck with the trade.
We are going short from the supply to aim for the demand but there is a good chance, price will shoot back up after reaching half our target because overall, the daily structure just hit the support below, so we need to be cautious once we see the price moving, stop loss to entry people.
Good luck with the trade.