Price action confirmation: Simplymeans traders will likely wait for price action to confirm a level by consuming an opposing supply or demand area, then entering a trade on a possible retracement, this may occur on the lower timeframes also. Pending orders: means pending orders are likely seen.

EUR/USD:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly TF: After a solid close below weekly demand at 1.32940-1.34847, buyers and sellers are now seen battling it out within the weekly demand area below at 1.31037-1.32262.
  • Daily TF: Price is now trading just within a fantastic-looking daily demand area at 1.31037-1.31755. We are prepared for lower prices deeper into this daily demand area, but ultimately we do expect higher prices to be seen in the end.

A spike below the 4hr demand area at 1.35599-1.31879 has very likely stopped out quite a few traders attempting to go long around this area. These stops would effectively become sell orders, so pro money were very likely buying here around the 1.31515 area (marked with a blue arrow). We believe price now wants to get to the 4hr fresh demand area below at 1.31037-1.31278 (a pending buy order is set just above at 1.31333), since most of the sellers have been cleared now (around the 4hr demand at 1.35599-1.31879) , it should be relatively easy to hit. However pro money cannot just usually press the buy and sell button like we can, they trade massive amounts of capital and need liquidity for this. So this rally we have just seen back up to the round number 1.32 has likely done two things:

  • Enticed buyers into the market following the momentum, this will especially be true in the lower timeframes.
  • Those two spikes above the round number level were likely formed to stop out both traders attempting to fade the level, and also trap any breakout buyers.

If the above is true, and is indeed happening, pro money will have buy orders to sell into to bring prices down to the 4hr demand area at 1.31037-1.31278 which would bring price deep within higher-timeframe demand areas (Weekly demand: 1.31037-1.32262. Daily demand: 1.31037-1.31755), from both the breakout buyers’ orders and also the stops from traders fading the round number level (which would also become buy orders), and also not forgetting any of the buy orders entered into the market following the momentum. So, in short, we expect a decline in value to be seen today or tomorrow down to the aforementioned fresh 4hr demand area.

Pending orders/P.A confirmation levels:

  • Pending buy orders (Green line) are seen just above 4hr demand (1.31037-1.31278) at 1.31333. We strongly believe a first-time reaction will be seen here due to where price is located on the higher-timeframe picture (Weekly demand: 1.31037-1.32262. Daily demand: 1.31037-1.31755).
  • No P.A confirmation buy levels (Red line) are seen in the current market environment.
  • No pending sell orders (Green line) are seen in the current market environment.
  • P.A confirmation sell levels (Red line) are seen just below the 4hr D/S flip area (1.33360-1.33619) at 1.33322. The reasoning behind setting a P.A confirmation sell level here and not a pending sell order is because we have no logical area for a stop-loss order meaning price could push straight through this area.

EURUSD 4HR Quick Recap: We are expecting a decline in value from the round number 1.32 sometime soon down to around the 4hr demand area at 1.31037-1.31278 which would bring price deep within higher-timeframe demand areas (Weekly demand: 1.31037-1.32262. Daily demand: 1.31037-1.31755). The arrow marked on the chart around the 1.31515 area likely signifies demand consumption here; hence we’re looking at the aforementioned 4hr fresh demand area below.

  • Areas to watch for buy orders:P.O: 1.31333 SL: 1.30988 TP: Dependent on how price approaches). P.A.C: No P.A confirmation buy levels are seen in the current market environment.
  • Areas to watch for sell orders: P.O: No pending sell orders are seen in the current market environment. P.A.C:1.33322 (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).

GBP/USD:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly TF: There is clear selling pressure from the major weekly supply area at 1.76297-1.67702, as price has smashed through the weekly demand area at 1.66917-1.67939 with little trouble, and is now currently seen trading quite deep within the weekly demand area below at 1.64589-1.66339. Is there any chance higher prices will be seen from this weekly demand area?
  • Daily TF: Any buyers who attempted to trade the daily demand area at 1.65492-1.66044 have now likely been forced to cover their positions as a break below has been seen. The path south is very likely clear down to the daily demand area at 1.64589-1.64949, nonetheless, we are fully prepared for price to retrace up to at least the daily supply area at 1.67364-1.67105 before the aforementioned daily demand area is hit.

A failed attempt to break below the low marked with a blue arrow at 1.65340 was recently seen, and from there a strong rally up to the round number1.66 materialized, this is where the sellers begun to show interest. Here is a snippet form the last analysis which still holds true in our opinion: With most, if not all the buyers consumed around the 4hr demand area at 1.65492-1.65809, the path south is now likely free down to at least the round number 1.65, but more importantly a 4hr decision-point level which is lurking just below at 1.64895 (a pending buy order is set just above at 1.64944) which is located deep within weekly demand at 1.64589-1.66339, and also just within a daily demand area at 1.64589-1.64949. More selling interest has been recently seen around the round number 1.66, if we see a break below the low marked with a blue arrow at 1.65340 sometime today, we will then be looking for a short-term sell around the round number level just mentioned, if, and we must emphasize the word ‘if’ here, we do not hit the round number below at 1.65 first. This is only a short-term opportunity, and we are fully aware of where price is currently located within the higher timeframe picture (trading quite deep within the weekly demand area at 1.64589-1.66339), so we should remain extra cautious with trades like this. However, we are still trading within weekly demand (levels above); higher prices could be seen at any time. A push above the round number 1.66 will likely trigger buying interest up to at least the 4hr S/R flip level at 1.66563, and at this point we would likely be looking for longs our self!

Pending orders/P.A confirmation levels:

  • Pending buy orders (Green line) are seen just above a 4hr decision-point level (1.64895) at 1.64944. The main reason we have gone with a pending buy order on this one is simply because we are currently located around a nice-looking weekly demand area at 1.64589-1.66339, and that this 4hr level remains untouched for the time being.
  • No P.A confirmation buy levels (Red line) are seen in the current market environment.
  • No pending sell orders (Green line) are seen in the current market environment.
  • No P.A confirmation sell levels (Red line) are seen in the current market environment.

GBPUSD 4HR Quick Recap: We currently have our eye on a short-term sell opportunity around the round number 1.66 if price breaks below the low marked with a blue arrow at 1.65345, and we do not hit the round number below at 1.65 first, we will then be looking to enter at a possible retrace at the round number 1.66. As already said (above) this is only a short-term opportunity, and we remain fully aware of where price is currently located within the higher timeframe picture (within a serious weekly demand area at 1.64589-1.66339). However, we are still trading within weekly demand (levels above); higher prices could be seen at any time. A push above the round number 1.66 will likely trigger buying interest up to at least the 4hr S/R flip level at 1.66563, and at this point we would likely be looking for longs our self!

  • Areas to watch for buy orders:P.O: 1.64944 SL: 1.64497 TP: Dependent on how price approaches) P.A.C: No P.A confirmation buy levels are seen in the current market environment.
  • Areas to watch for sell orders: P.O: No pending sell orders are seen in the current market environment. P.A.C: No P.A confirmation sell levels are seen in the current market environment.

AUD/USD:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly TF: Price is still frustratingly trading within a weekly consolidation area with the upper limits seen at 0.94600, and the lower at 0.92046, with no signs of a break happening just yet.
  • Daily TF: Price still remains caught trading between the daily demand area 0.92046-0.92354, and a daily decision-point level at 0.93529. A break above could see prices test daily supply at 0.94729-0.94175, conversely, a break below will likely see a push south towards a daily R/S flip level at 0.91323. Let’s also not forget, if a break below is indeed seen, this would effectively mean that price has broken below the weekly consolidation area (levels above) as well.

The round number 0.93 held beautifully! The buyers used this level to propel prices above an important high marked with a blue arrow at 0.93450, and then up to a 4hr supply area at 0.93866-0.93728, where our P.A confirmation sell level has now been triggered at 0.93711. If the sellers can push below the low marked with a green arrow at 0.93279, we will then likely consider setting a pending sell order awaiting a possible return. However, if price continues south and does not return, we will be watching the following: Our original pending buy order still remains the same (0.92807) just above a fantastic-looking 4hr decision-point level at 0.92785. We have also added a P.A confirmation buy level just above (in our opinion) a minor 4hr decision-point level (0.93053) at 0.93076. This area is likely where the decision was made to break above the aforementioned high, so it remains important, however not as much as the level below it (0.92785)! The reason being is we see the lowest 4hr decision-point level to be the overall origin of the rally higher, indicating that pro money may well just use the 4hr decision-point level at 0.93053 as a ‘dummy-fake’ level, in which to push price below to the aforementioned origin, hence we have set a P.A confirmation level there rather than a pending buy order.

Pending/P.A confirmation levels:

  • Pending buy orders (Green line) are seen just above a 4hr decision-point level (0.92785) at 0.92807. We have placed a pending buy order here because this level remains untouched, and Is effectively where pro money buyers likely made the decision to push prices above the round number 0.93.
  • New P.A confirmation buy levels (Red line) are seen just above a 4hr decision-point level (0.93053) at 0.93076. The reason for not setting a pending buy order here is simply because we believe pro money may push below this level to the overall origin of the move up (4hr decision-point level at 0.92785).
  • No pending sell orders (Green line) are seen in the current environment.
  • The P.A confirmation sell level (Red line) set just below a 4hr supply (0.93866-0.93728) at 0.93711 is now active. The sellers will need to confirm this area by consuming some or most of the buyers around the low marked with a green arrow at 0.93279, we will then consider setting a pending sell order awaiting a possible return.

AUDUSD 4HR Quick Recap: Our P.A confirmation sell order has been triggered just below 4hr supply (0.93866-0.93728) at 0.93711, The sellers will need to confirm this area by consuming some or most of the buyers around the low marked with a green arrow at 0.93279, we will then consider setting a pending sell order awaiting a possible return. However if no return is seen, and price keeps declining, we will be watching two levels (0.93053 [A P.A confirmation buy level is set above at 0.93076]…0.92875 [A pending buy order is set just above at 0.92807]).

  • Areas to watch for buy orders: P.O: 0.92807 SL: 0.92661 TP: Dependent on how price approaches) P.A.C: 0.93076 (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).
  • Areas to watch for sell orders: P.O: No pending sell orders seen in the current market environment. P.A.C: 0.93711 (Active-awaiting confirmation) (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).

USD/JPY:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly TF: Buyers and sellers are now firmly trading around a beautiful-looking weekly supply area at 105.432-104.065. We will definitely begin looking for shorts now and any long positions will need confirmation as we could see some very serious selling take place either this week or the next.
  • Daily TF: A break above the daily supply area at 104.104-103.802 has been seen. This likely indicates a lot of the traders who attempted to fade this area with their stop-loss order too close have been stopped out. The path north appears to be relatively clear up to the daily supply area at 104.831-104.505. However before this area gets hit, we must be prepared for a drop down to at least the daily R/S flip level at 102.713 since pro money may not have enough liquidity to push prices higher from here.

Price still remains confined between the 4hr high/resistance at 102.264, and a minor 4hr support level at 103.738, with the buyers and sellers currently being seen battling it out around the lower limits of this 4hr range. The daily timeframe shows there is room for price to move above to hit daily supply at 104.831-104.505, while on the weekly timeframe we have just hit the lower base of weekly supply at 105.432-104.065. A break above the 4hr resistance level at 104.264 is what we’re looking to see, this could trigger buying interest up to around the 4hr supply area at 104.831-104.591 (a pending sell order is set just below at 104.568) which is where a likely first-time reaction will be seen. However, no matter how much we want price to break above this 4hr resistance level, and a push up to the aforementioned 4hr supply area, we cannot ignore the fact we are trading around a heavy weekly supply area (levels above), even if there is room to move above on the daily timeframe – see above (most already know the higher timeframes usually overrule the lower). So, with this being said, a break below 4hr minor support level at 103.738 would likely imply selling interest from the weekly supply area (mentioned above) has already begun, and we see very little in their way down to at least the round number 103 (a P.A confirmation buy order is set just above at 103.037).

Pending/P.A confirmation levels:

  • No pending buy orders (Green line) are seen in the current market environment.
  • P.A confirmation buy levels (Red line) are seen just above the round number 103 at 103.037. The reason we have not set a pending buy order here is simply because pro money could either perform a deep test of this level, or ignore this level altogether.
  • Pending sell orders (Green line) are seen just below 4hr supply (104.831-104.591) at 104.568. The reasoning behind setting a pending sell order here is simply because this area remains untouched, and is located within both weekly supply at 105.432-104.065 and also daily supply at 104.831-104.505 as well.
  • No P.A confirmation sell levels (Red line) are seen in the current market environment.

USDJPY 4HR Quick Recap: Trading action is currently confined within a small range (104.264/103.738), a break above, would likely see prices testing 4hr supply (a pending sell order is set just below at 104.568) at 104.831-104.591, conversely a break below could likely force price down to around the round number 103 where we also have a P.A confirmation buy level set ready and waiting at 103.037.

  • Areas to watch for buy orders:P.O: No pending buy orders are seen in the current market environment. . P.A.C:103.037 (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).
  • Areas to watch for sell orders: P.O: 104.568 (SL: 104.873 TP: Dependent on how price approaches). P.A.C: No P.A confirmation sell levels are seen in the current market environment.

 

EUR/GBP:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly TF: Two weeks ago a spike/wick was seen just above the weekly decision-point area at 0.80328-0.79780, indicating that some of the sellers around this area have been consumed, which also likely means price is now free to hit the weekly supply area above at 0.81397-0.80809.
  • Daily TF: The same spike/wick seen on the weekly timeframe, is exactly the same on this timeframe (above daily supply at 0.80328-0.80024), meaning the path north is likely clear now up to the daily S/R flip level at 0.80809 (the lower base of the weekly timeframe supply area – see above), however before price can be pushed higher, pro money will need sell orders to buy into, and at the moment this does not seem to be the case. A decline in value may well be seen down to the next fresh daily demand area at 0.78117-0.78533 which is nicely located within the weekly demand area at 0.76931-0.78623.

Until recently, trading action was confined between a minor 4hr R/S flip level at 0.79533, and a 4hr supply area above at 0.79778-0.79664. A push below was only recently seen, imagine the amount of stops this move took out on the lower timeframes! A lot of traders were no doubt going long around there, as on the 15 minute timeframe this area of support would have appeared to be a strong buy zone. So, with this being said, a push has been seen up to a very minor 4hr supply area at 0.79661-0.79586 (within the 4hr range mentioned above), which was likely the area where pro money sellers initially made the decision to break below the temporary 4hr range (levels above). If the sellers outweigh the buyers here, the path south looks relatively clear down to at least the 4hr decision-point level at 0.79189, but what really takes our fancy is the 4hr demand area below at 0.79037-0.79139 (pending buy order set just above at 0.79155) since from this area, the buyers consumed sellers not only around the high 0.79385, but also the high 0.79795 (marked with arrows) making this area a juicy one indeed! However, if the buyers outweigh the sellers here, another attempt to break above 4hr supply at 0.79778-0.79664 may well be seen, and if it does, price will likely fill the gap, and maybe then trade up to a sexy-looking 4hr supply area at 0.80151-0.80085, the round number 0.8 below will likely be faked past in order to reach true supply, so be aware of this if anyone is thinking of shorting this round number if/when price reaches this level.

Pending/P.A confirmation levels:

  • Pending buy orders (Green line) are seen just above 4hr demand (0.79037-0.79139) at 0.79155. The reason we have placed a pending buy order here is simply because the buyers consumed sellers not only around the high 0.79385, but also the high 0.79795 (marked with arrows) making this area a juicy one indeed!
  • P.A confirmation buy levels (Red line) are seen just above a 4hr decision-point level (0.79189) at 0.79215. The reason for setting a P.A confirmation buy level, and not a pending buy order is simply because this level has seen a touch already indicating some of the buyers may have been consumed, thus weakening this area, hence the need for confirmation on this one.
  • No Pending sell orders (Green line) are seen are seen in the current market environment.
  • No P.A confirmation sell levels (Red line) are seen in the current market environment.

EURGBP 4HR Quick Recap: A break below the temporary 4hr range (0.79778-0.79664/0.79533) has been seen, and at the time of writing, active sellers seem to be situated around a 4hr minor supply area at 0.79661-0.79586 (within the aforementioned 4hr range). If the sellers outweigh the buyers here, the path south looks relatively clear down to at least the 4hr decision-point level at 0.79189, but what really takes our fancy is the 4hr demand area below at 0.79037-0.79139 (pending buy order set just above at 0.79155) since from this area, the buyers consumed sellers not only around the high 0.79385, but also the high 0.79795 (marked with arrows).

  • Areas to watch for buy orders: P.O: 0.79155 SL: 0.78953 TP: Dependent on how price approaches).P.A.C: 0.79215 (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).
  • Areas to watch for sell orders: P.O:No pending sell orders are seen in the current market environment.P.A.C:No P.A confirmation sell levels are seen in the current market environment.

 

USD/CAD:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly TF: A push higher into a small weekly supply area at 1.10522-1.09996 has been seen, and at the time of writing, serious sellers appear to have come into the market.
  • Daily TF: From the recent selling, a daily range has formed (1.09850-1.08586), and at this point in time, the sellers seem to be pushing price very hard towards the lower limits of this range. A break below here could very well force price to test the daily S/R flip level at 1.08277.

Clearly pro money sellers got all the liquidity they needed (buy orders for their sell orders) without the need to push above the all mighty round number 1.1. Ever since the last analysis the sellers have been on fire, with little to no interest being seen by buyers at present, even at around the round number 1.09, which has seen a clean break below, where we initially had a P.A confirmation buy level set just above at 1.09040. We are now watching this round number level for any signs that price may retest this level as resistance, if it does, the path south appears to be relatively clear down to around 4hr demand at 1.08441-1.08650. Current price action may actually be better to watch on the 15/30 minute timeframes as if price tests the round number level and consumes a lower timeframe demand (giving us confirmation a decline may happen), we are in business, but on the 4hr timeframe, it is very unlikely we will see this.

Pending/P.A confirmation levels:

  • No pending buy orders (Green line) are seen in the current market environment.
  • The P.A confirmation buy level (Red line) set just above the round number 1.09 at 1.09040 has been removed since for the time being as price has dropped too far from the entry level.
  • Pending sell orders (Green line) are seen just below a 4hr supply area (1.10388-1.10163) at 1.10127. This area remains fresh, and likely contains unfilled sell orders indicating a bounce south at the very least will be seen if/when price reaches this area.
  • No P.A confirmation sell levels (Red line) are seen in the current market environment.

USDCAD 4HR Quick Recap: After the humongous decline in value recently seen, and a break below the round number 1.09, we’re now looking for price to retest this level as resistance. If this does happen, there is relatively little stopping price from hitting the 4hr demand area below at 1.08441-1.08650. However, do be aware that to catch this retest, one may have to drill down to the lower timeframes in order to see the price action more clearly.

  • Areas to watch for buy orders:P.O: No pending buy orders are seen in the current market environment. P.A.C:No P.A confirmation buy levels seen in the current market environment.
  • Areas to watch for sell orders: P.O: 1.10127 (SL: 1.10440 TP: Dependent on how price approaches) P.A.C: No P.A confirmation sell levels are seen in the current market environment.

 

USD/CHF:

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly TF: A close above the weekly decision-point level at 0.90927 has been seen (keep an eye on a possible retest of this level as support). Any sellers around this area have now very likely been stopped out, and on this timeframe the path north appears to be clear up to around the weekly supply area at 0.94546-0.93081.
  • Daily TF: Price has broken above the daily supply area at 0.91556-0.90985. Looking to the left of current price, there is nothing but ‘wicky’ price action indicating supply consumption i.e. no sellers left up to around the daily supply area at 0.94546-0.93448, however before this happens we must be prepared for a decline in value down to at least the daily S/D flip area at 0.90372-0.90042.

Even though a little movement has been seen on this pair recently, technically not a lot has changed, and as a result our last analysis still holds true: Our first target (0.91429) has been hit from our short position (0.91637) set just the 4hr supply area at 0.91892-0.91668. Right now price seems to be temporarily capped between this 4hr supply area and a minor 4hr R/S flip level at 0.91429. If a break below the minor 4hr R/S flip level is seen, a move down to the 4hr demand area at 0.91025-0.91177 is highly likely to happen. Conversely a break above the 4hr supply area could see price testing the round number level 0.92 just above. So, for the time being, it’s a waiting game on this pair.

Pending/P.A confirmation levels:

  • No pending buy orders (Green line) are seen in the current market environment.
  • No P.A confirmation buy levels (Red line) are seen in the current market environment.
  • No P.A confirmation sell levels (Red line) are seen in the current market environment.
  • The pending sell order (Green line) set just below 4hr supply (0.91892-0.91668) at 0.91637 is now active. Our first take-profit target has been hit at 0.91429, so do keep an eye on our second take-profit level set at 0.91177.

Quick Recap: Price is currently capped between the 4hr supply above at 0.91892-0.91668, and a minor 4hr R/S flip level at 0.91429. A break below here is what we want to see (we currently have a short position at 0.91637), price will then very likely be free to hit the 4hr demand area at 0.91025-0.91177, however in the event price does trade higher above the aforementioned 4hr supply area, the round number 0.92 will be likely seeing some action!

  • Areas to watch for buy orders: P.O: No pending buy orders are seen in the current market environment. P.A.C: No P.A confirmation buy levels are seen in the current market environment.
  • Areas to watch for sell orders: P.O:0.91637(Active) SL: 0.91941 TP: [1] 0.91429 [2] 0.91177 [May be subject to change]) P.A.C: No P.A confirmation sell levels are seen in the current market environment.

USDCHF 4HR

XAU/USD (GOLD)

4hr TF.

The higher-timeframe picture resembles the following:

  • Weekly TF: Price still remains trading between the weekly supply area above at 1391.97-1328.04 and a nice-looking weekly decision-point level below at 1244.04 with no attempt of a breakout yet to be seen.
  • Daily TF: Buying interest from the daily S/R flip level at 1277.36 has recently been seen. If the buyers are intent on taking things higher, their first obvious area of trouble will likely be around the daily decision-point level at 1318.96.

Anyone that follows our analysis regularly may recall us saying that price may drop back down and test the range support (marked with a green arrow at 1283.13), and as we can all see this did happen, well not to the pip of course, but a retest has been seen nonetheless. If the buyers are intent on taking things higher from here, they will need to prove this! We would like to see the buyers push above the high marked with a green flag at 1290.86 (since this area poses a threat to any long positions taken at the moment), this will likely indicate that most of the sellers are indeed consumed, and potentially clear the path north up to around the 4hr supply area at 1319.28-1314.48 since there appears to be only consumed supply/sell orders directly above this high – take note of the wicks (marked with the blue arrows) within the red circle.

Pending/P.A confirmation levels:

  • Pending buy orders (Green line) are seen just above 4hr demand (1258.40-1264.53) at 1266.09. The reason a pending buy order has been set here, is because this area in our opinion remains the overall origin of a big rally to the upside, likely meaning there are a lot of unfilled buy orders siting in and around this area.
  • The P.A confirmation buy level (Red line) set just above the temporary range support (1273.07-1283.13) at 1283.60 is now active. For this level to be confirmed, the buyers will need to rally price above the high marked with a green flag at 1290.86 consuming some or most of the sellers around this area, only then would we consider setting a pending buy order waiting for a possible return.
  • No pending sell orders (Green line) are seen in the current market environment.
  • No P.A confirmation sell levels (Red line) are seen in the current market environment.

GOLD 4HR

Quick Recap: Our P.A confirmation buy level has been triggered (1283.60), and the buyers are currently in the process of possibly confirming this area by breaking above the high marked with a green flag at 1290.86. If we see some of the sellers consumed around the aforementioned high, we will then very likely consider setting a pending buy order near where the original P.A confirmation buy level was set awaiting a possible return.

  • Areas to watch for buy orders:P.O: 1266.09 (SL: 1256.40 TP: Dependent on price approach) P.A.C: 1283.60 (Active-awaiting confirmation)(SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).
  • Areas to watch for sell orders: P.O: No pending sell orders are seen in the current market environment. P.A.C: No P.A confirmation sell levels are seen in the current market environment.