11/25 GJ Pre-NY

2019-11-25 20:01:56

current 4 HR candle closed directly inside of daily supply zone of 140.25, (quarter-point price-level, established by prior two daily bearish engulfing candles), giving indication of htf likelihood of bearish momentum in move. Will enter short with two bearish rejections on the hourly chart from this level, or after one rejection alongside the 4HR printing a test + rejection of this zone. Be wary if 9 am 4 HR fails to close below 140.15 (potential invalidation of bearish momentum). Likely SL @ 140.3, TP @ 139.5