As I anticipate, this could be the resumption of a bearish move coming months. Potentially could accelerate in march. The trade I took was a 1:3 RR and that paid off. Looking back on the smaller time frame, it was noticeably no demand hence no resistant.
The possibility of the next NFP could accelerate the bearish move.
Hope everyone did manage to get into the trade when it revisit the supply. Even on the first visit it penetrated more than 70% of the supply taking all those buy orders and the last novice buyers being out bid.
SO most probably next week NFP I would look to sell and find any fresh supply formed either end of this week or next week.
Good luck all and happy hunting out there!!