GJ 11/26 Pre-Ny

26 de nov. de 2019

Current momentum from four hour chart reflects bearish momentum from previous two closes, creating a supply zone inside of 140.25-140.35. Because of the momentum from the 4HR close below 140.25 (closed below 4 prior bullish opens) price will likely retrace from open to 140.25-140.30, and will look for a bullish engulfing rejection from 1HR from this zone around 140.25 prior to entry. Price has yet to fill the gap created Sunday night, which also produced a demand zone inside of 139.40-139.50, indicating a likely move to this zone following LTF rejection of 140.25. If price holds minor 4HR supply of 140.00-140.10 and 4HR close above 140.25, could see retest of 140.50 prior to move.