PEMA is squeezed and price is forming a triangular pattern in one hour. the width of cpr is narrow in weekly level.
price is currently trading below monthly money zone and within weekly money zone.
a strong upmove beyond weekly money zone could bring in short covering of monthly initiative traders. but beware fake breakouts as there are confluence of R1 & H4.
a strong down move beyond weekly money zone could push the price to new lows.
price is currently trading below monthly money zone and within weekly money zone.
a strong upmove beyond weekly money zone could bring in short covering of monthly initiative traders. but beware fake breakouts as there are confluence of R1 & H4.
a strong down move beyond weekly money zone could push the price to new lows.