by Gil B, February 1, 2021
by Gil Ben Hur February 1, 2021
Supply And Demand, Price Action, Fundamental
Cable is approaching by a compressed (consuming demand) to a Supply zone. At this level we find a fundamental and price action confluence, where the USD is devaluating by massive printing, and price action is perfect to expect a deep reaction to supply.
Although this supply is mid range, it also located at daily SR (support/resistance level).
Waiting for a confirmation price action as long the zone is not broken. A H1 or M15 Quasimodo pattern will allow shorting for a as low as to 1.28.
Pay attention for the fact this supply is already being tested in the past couple weeks. Wait for a intraday confirmation PA (price action) to get your shot in, and keep risk as low as possible.
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