My overall sentiment is still Bearish bias.
Today the opening price jumped 14 points and the bull kept running to the nearest Supply Zone.
In general view, the seller is still strong and therefore, we participate in selling too.
The nearest SELL area is between $1,395 and $1,400 (5 points zone), with a Stop Loss at $1,411.
Our first Take Profit level is at $1,375 (2.27R).
What if the price did not hit the Supply zone at $1,395 - $1,400 ?
Then we have to see the Price Action movement and market structure. Good Luck!
Today the opening price jumped 14 points and the bull kept running to the nearest Supply Zone.
In general view, the seller is still strong and therefore, we participate in selling too.
The nearest SELL area is between $1,395 and $1,400 (5 points zone), with a Stop Loss at $1,411.
Our first Take Profit level is at $1,375 (2.27R).
What if the price did not hit the Supply zone at $1,395 - $1,400 ?
Then we have to see the Price Action movement and market structure. Good Luck!
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