The previous analysis gave us a signal to the upside, however, there isa possibility that move is short-lived as we are getting a signal to the downside. It is an ideal time to hedge or TP and then enter a small sell and then add to positions as price drops, corrects on key levels. For a clearer view of why it could go lower, go to the Weekly chart.
Should price break-out of the blue zone then we simply wait for a retest of supply zones to enter long positions.
Should price break-out of the blue zone then we simply wait for a retest of supply zones to enter long positions.
