Heading to a downwards trend in the daily timeframe. Good opportunity to short, once price enters a zone. Would avoid going long if the downtrend continues.
Red box = Weekly supply zone
Green box = Weekly Demand zones
Blue boxes = Daily supply/demand zones
Black trendline = Entry
Red trendline = SL
Target can be 2:1 or 3:1 depending on the level picked.
Might just have to watch out for the news until the end of the month:
CB Consumer Confidence (USD)
ADP Non-Farm Employment Change (USD)
Prelim GDP q/q (USD)
Crude Oil Inventories (USD)
Unemployment Claims (USD)
And maybe some Donald Trump tweets...lol
Red box = Weekly supply zone
Green box = Weekly Demand zones
Blue boxes = Daily supply/demand zones
Black trendline = Entry
Red trendline = SL
Target can be 2:1 or 3:1 depending on the level picked.
Might just have to watch out for the news until the end of the month:
CB Consumer Confidence (USD)
ADP Non-Farm Employment Change (USD)
Prelim GDP q/q (USD)
Crude Oil Inventories (USD)
Unemployment Claims (USD)
And maybe some Donald Trump tweets...lol