We are marching towards the 1.10 WEEKLY SUPPLY/SELL zone after breaking through 1.08 post CPI yesterday price has also created a new high in the current leg also creating a newly formed DEMAND/BUY zone around 1.06.
Because we are also taking out previous swing highs off the last downtrend and creating new DEMAND/BUY zones on the way up it looks like we are now moving into an uptrend on the weekly charts.
What you should expect to occur next is for a move up towards the 1.10 weekly SUPPLY/SELL zone this will be a good area for a good area for a short SELL trade to target the newly formed DEMAND/BUY zone around 1.06.
This area will also be a good area to buy back in to target the Monthly SUPPLY/SELL zone at 1.14.
I will start to look for SELL signals on my TRFX indicator above 1.09.
Hope you enjoyed the post
Because we are also taking out previous swing highs off the last downtrend and creating new DEMAND/BUY zones on the way up it looks like we are now moving into an uptrend on the weekly charts.
What you should expect to occur next is for a move up towards the 1.10 weekly SUPPLY/SELL zone this will be a good area for a good area for a short SELL trade to target the newly formed DEMAND/BUY zone around 1.06.
This area will also be a good area to buy back in to target the Monthly SUPPLY/SELL zone at 1.14.
I will start to look for SELL signals on my TRFX indicator above 1.09.
Hope you enjoyed the post
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Access my Weekly Swing trade setups here - www.forexcopierpro.com/forex-signals-page-info
Join Telegram group -https://t.me/+T7V_JSiKKsliMTJl
