GU 02012012
On H1, price has moved 3 stages towards the supply zone.
As price move towards the supply zone, a triple top forms at the supply zone and price starts accumulating. The confirmation came when the red volume bar was cleared by a strong down move. A trade can be taken on retracement back to round number at 1.565.
If the trade is missed at the top, a short trade can be initiated 10 pips above resistance above the green bar. Another opportunity will be to short 10 pips above the 2nd resistance.
For the rest of the week shorts should be taken.
On H1, price has moved 3 stages towards the supply zone.
As price move towards the supply zone, a triple top forms at the supply zone and price starts accumulating. The confirmation came when the red volume bar was cleared by a strong down move. A trade can be taken on retracement back to round number at 1.565.
If the trade is missed at the top, a short trade can be initiated 10 pips above resistance above the green bar. Another opportunity will be to short 10 pips above the 2nd resistance.
For the rest of the week shorts should be taken.
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