From a technical standpoint, price is slowly approaching a daily supply zone — the last consolidation before the strong impulsive move down.
It took only 7 daily candles for price to drop aggressively from this area.
Now, it has taken 19 candles (almost 3x more) to climb back up.
This type of price behavior often signals seller strength. The downside move was impulsive and strong, while the move up appears corrective and slower — suggesting that sellers may still be in control.
With that in mind, I am currently short on the dollar, positioning from a technical perspective as price approaches this daily supply.
It took only 7 daily candles for price to drop aggressively from this area.
Now, it has taken 19 candles (almost 3x more) to climb back up.
This type of price behavior often signals seller strength. The downside move was impulsive and strong, while the move up appears corrective and slower — suggesting that sellers may still be in control.
With that in mind, I am currently short on the dollar, positioning from a technical perspective as price approaches this daily supply.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.