Hi traders, as you see price came back to our supply zone , from where we expect price to push lower. At least to make correction for continuation to the upside. I was expecting to see price moved bit higher to tap that trendline around 63.5, but as you see price is already making rejection. Anyway i closed my buy, and will be watching for sell. I will upload below lower time frame picture to show you that we are already having possible bearish price action. We are having nice weekly rejection candel from last week, so i think this setup have good potencial. Stay patient!
Note
As you see we are having 1h price action, which can move price to the downside. Watch it patiently what price will do.Note
Price is making bigger correction, wait for price to break above previus high in that correction to complete it
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.