Liquidity found then the drop
With the fundamentals sending this pair above the daily level but only to a higher up 1hr Supply zone was clear that this stopped out loads with their sells on and stoploss sat at the high.
If you trade the Supply and Demand this should already have has you looking for longs as a previous Supply was broken.
I said that in order for this pair to be bullish it would need a Daily candle closure above the high I had marked out.
We got a clear rejection in the higher up 1hr zone and the drop to around 1.38000 has happened.
I still want to see the Daily demand zone visited but not before the price starts pushing up then dropping to find liquidity again.
If you trade the Supply and Demand this should already have has you looking for longs as a previous Supply was broken.
I said that in order for this pair to be bullish it would need a Daily candle closure above the high I had marked out.
We got a clear rejection in the higher up 1hr zone and the drop to around 1.38000 has happened.
I still want to see the Daily demand zone visited but not before the price starts pushing up then dropping to find liquidity again.
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