The price has already reached the supply zone and we need to wait for the price action to be shaped inside the zone on the 4 Hours frame BUT that is not enough for the short position to be confirmed
If you look at the daily frame you can see that the simple moving average 200 is waiting for the price above the supply zone. I see that price may pass the zone and touch the moving average creating Pinbars with long wicks on top which indicates a pressure towards down.
I see that price will be ranging between the moving average and the bottom line of the supply zone for a cetin period of time especially we are talking about the EURCHF which normally creates long ranges between to lines
- WHERE TO ENTER THE TRADE?
THAT IS YOUR RESPONSIBILITY.. YOU NEED TO LEARN RISK MANAGEMENT AND A GOOD STRATEGY TO PLACE ORDERS WITH A STOP LOSS AND A TAKE PROFIT THAT GIVE YOU A POSITIVE RATIO. WHAT I SEE IS THAT THERE IS A GENERAL SUPPLY PRESSURE IN THAT ZONE
If you look at the daily frame you can see that the simple moving average 200 is waiting for the price above the supply zone. I see that price may pass the zone and touch the moving average creating Pinbars with long wicks on top which indicates a pressure towards down.
I see that price will be ranging between the moving average and the bottom line of the supply zone for a cetin period of time especially we are talking about the EURCHF which normally creates long ranges between to lines
- WHERE TO ENTER THE TRADE?
THAT IS YOUR RESPONSIBILITY.. YOU NEED TO LEARN RISK MANAGEMENT AND A GOOD STRATEGY TO PLACE ORDERS WITH A STOP LOSS AND A TAKE PROFIT THAT GIVE YOU A POSITIVE RATIO. WHAT I SEE IS THAT THERE IS A GENERAL SUPPLY PRESSURE IN THAT ZONE
