Multi-timeframe analysis. 14/11/20
Weekly timeframe showed a huge rejection as the wick shows of the strong supply and demand zone shown. However short term momentum is to the upside and if a 4H break and resistance is then we can see the move to the upside back to the highs. It is important to bear in mind the short term buy is of moderate to high risk due to he longer term persepctive. For the sell to be taken we require a clean break as directed.
Kind regards,
Sunny Kumar
Weekly timeframe showed a huge rejection as the wick shows of the strong supply and demand zone shown. However short term momentum is to the upside and if a 4H break and resistance is then we can see the move to the upside back to the highs. It is important to bear in mind the short term buy is of moderate to high risk due to he longer term persepctive. For the sell to be taken we require a clean break as directed.
Kind regards,
Sunny Kumar