High Impacting News Could Lead to Increased Price Action Volatility – 2nd July 2014

For the readers’ benefit:

Price action confirmation: simply means traders will likely wait for price action to confirm a level by consuming the 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:

Weekly TF.

Buyers seem to be showing more interest now, as they have been seen trading out of weekly demand at 1.34770-1.36771.

Daily TF.

The daily timeframe shows buyers have rallied price towards daily supply at 1.37342-1.36890. A break above this area may see price trading towards the daily S/R flip level at 1.37931, but as of now, price still remains capped between the daily supply area just mentioned, and daily demand below at 1.34770-1.35557.

4hr TF.

Chart one below shows the buyers made a decision to break above the 4hr minor resistance level at 1.36666, leaving the sellers with little choice but to cover their positions. A rally straight into 4hr supply at 1.37235-1.37005 has been seen; both buyers and sellers seem undecided at the moment as to which way to take price next. We, however, favor lower prices from here to at least the S/R flip level at 1.36666 (seen on chart two) as, we cannot ignore the fact we are temporarily trading just below higher-timeframe daily supply at 1.37342-1.36890, but also, at the same time remain vigilant to fact we are around higher-timeframe weekly demand (levels above), so we know to close our positions at the first sign of trouble, if attempting to short the market.

If the buyers manage to consume the sellers around the 4hr supply area just mentioned, it is very likely price will test the 4hr supply area directly above at 1.37749-1.37450, which should at the very least provide a nice bounce.

Chart 1:

Chart two below shows the alterations that have been made.

Pending/P.A confirmation orders:

• No pending buy orders (Green line) are seen in the current market environment.
• P.A confirmation buy orders (Red line) are seen just above demand (1.35036-1.35312) at 1.35433. The reason behind us placing a P.A confirmation buy order here, rather than a pending buy order is because the aforementioned demand area appears weak as deep spikes have been seen recently (marked with two arrows), and also the circled tail/spike could have cleared out the majority of buy orders as it left on its advance.
• New P.A confirmation buy orders (Red line) are seen just above the round number 1.36000 at 1.36052. The reason for a P.A confirmation buy order, rather than a pending buy order is because pro money tends to spike the psychological round number levels often, which consequently stops out countless traders, hence the need to wait for confirmation here.

• The pending sell order (Green line) set at 1.36955 just below supply at 1.37235-1.37005 is now active; do keep a close eye on our first target below at the S/R flip level (1.36666).
• New pending sell orders (Green line) are seen just below supply (1.37749-1.37450) at 1.37414. A pending sell order is set here as we believe this 4hr supply is good for at least a bounce.
• The P.A confirmation sell order (Red line) visible below the minor resistance 1.36666 at 1.36625has now been cancelled. Price rallied too far from the entry level.

Chart 2:

Quick Recap:

The weekly timeframe shows buying interest out of weekly demand at 1.34770-1.36771, while the daily timeframe shows price trading at the base of daily supply seen at 1.37342-1.36890. Our P.A confirmation sell order on the 4hr timeframe set at 1.36625 was cancelled as price rallied too far from the entry level. Our pending sell order set just under 4hr supply (1.37235-1.37005) at 1.36955 has been filled, with the first target being seen below around the S/R flip level at 1.36666. Price will likely bounce down from the 4hr supply area just mentioned to at least our first target, however if we do see a break above the aforementioned supply area, a reaction is very likely around oncoming supply at 1.37749-1.37450. Traders need to remain aware of the fact we are in a weekly demand area (levels above), a bounce may still be seen at either one of the 4hr supply areas just mentioned, but do be prepared to close your positions at the first sign of trouble.

• Areas to watch for buy orders: P.O: No pending buy orders are seen in the current market environment. P.A.C: 1.35433 (SL: Dependent on where price ‘confirms’ the level TP: Dependent on where price ‘confirms’ the level) 1.36052 (SL: Dependent on where price ‘confirms’ the level TP: Dependent on where price ‘confirms’ the level).

• Areas to watch for sell orders: P.O: 1.36955 (Active) (SL: 1.37270 TP: [1] 1.36666 [2] 1.36000) 1.37414 (SL: 1.37785 TP: Dependent on price action approach). P.A.C: No P.A confirmation sell orders are seen in the current market environment.

GBP/USD:

Weekly TF.

The buyers are currently being seen pushing price deeper into weekly supply at 1.76290-1.70490 as reported may happen in yesterday’s analysis.

Daily TF.

Chart one shows price has broken above daily supply at 1.70410-1.68880, but where could price be heading on this timeframe?

Chart 1:

Chart two below shows there is very little stopping price (looking left) from hitting the daily supply area marked with an arrow at 1.76290-1.73110.

Chart 2:

4hr TF.

Unfortunately we are unable to look to the left at historical prices on the 4hr TF, nonetheless, the buyers have been seen in full force recently, as they have pushed above the round number 1.71000 and have successfully retested it.

A powerful-looking 4hr decision point (demand) area has formed at 1.70066-1.70272, even though we are currently trading within weekly supply (levels above), this level will still possibly see a bullish reaction, even if it’s only for a bounce.

At the time of writing, price is very likely going to trade up to the daily supply area mentioned above which is where we will begin looking for shorting opportunities.

Pending/P.A confirmation orders:

• The pending buy order (Green line) set at 1.67610 just above demand at 1.67378-1.67583 has been removed. Price has rallied too far from the entry level.
• New pending buy orders (Green line) are seen just above the decision point (demand) area (1.70066-1.70272) at 1.70288. A pending order is set here as we believe this area will very likely see a bullish reaction, even if only for a bounce, as this is likely the work of pro money, meaning they may not have filled all their buy orders around this level, thus unfilled orders may still be lurking there.
• P.A confirmation buy orders (Red line) are seen just above the round number 1.68000 at 1.68038. A reaction may be likely here because of the way pro money used this level to rally prices higher with force, a quick change in direction like this likely indicates pro money activity, thus, all of their orders may have not been filled at that time. The reason a pending order is not used here is because pro money, on a regular basis perform deep stop hunts around big figure levels (1.68000), and these tails/wicks can be huge sometimes, hence the need to wait for confirmation.
• P.A confirmation buy orders (Red line) are seen just above minor support (1.69431) at 1.69482. A reaction north is likely to be seen here, however we are currently seeing price trading within higher-timeframe supply on the weekly timeframe at 1.76290-1.70490, hence the need for a confirmation buy order, rather than a pending buy order.

• No pending sell orders (Green line) are seen in the current market environment.
• No P.A confirmation sell orders (Red line) are seen in the current market environment.

Quick Recap:

The weekly timeframe currently shows buyers pushing price deeper into weekly supply at 1.76290-1.70490, while on the daily timeframe, daily supply at 1.70410-1.68880 has been well and truly consumed.  We have set a new pending buy order around the newly-formed decision point (demand) area (1.70066-1.70272) at 1.70288 as this area will likely see a bounce at the very least if/when price returns to it. The buyers have recently consumed the round number 1.71000 and have successfully retested it. We will likely see daily supply at 1.76290-1.73110 being hit very soon if the buyers carry on the way they have been, as of now, this is when we will be looking for shorting opportunities.

• Areas to watch for buy orders: P.O: 1.70288 (SL: 1.69983 TP: Dependent on price approach).P.A.C: 1.68038 (SL: Dependent on approaching price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed). 1.69482 (likely to be set at 1.69176 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: No P.A confirmation sell orders seen in the current market environment.

AUD/USD:

Daily TF.

The daily timeframe is showing buyers currently pushing price above daily supply at 0.94468-0.93758, price will very likely hit oncoming daily supply at 0.95434-0.94862 very soon.

4hr TF.

Higher prices have well and truly been seen as reported may happen in yesterday’s analysis. The buyers have pushed price right into 4hr supply at 0.94809-0.94477, this supply area is not very stable as a touch has already been seen in the past (shown on chart two marked with an arrow).

A newly-formed decision (demand) point area at 0.94132-0.94221 has been seen. This was the last decision made by pro money on this timeframe, and as we can see above on the daily timeframe, price will very likely trade to the next daily supply area just above it (levels above). For pro money to accomplish this, they will need liquidity in the form of sell orders to buy into, so they may sell price hard, enticing breakout sellers to join the momentum on the lower timeframes, then as price drops to our decision point area (levels above) they will likely place small batches of buy orders into the market until there are more buy orders than sell orders, price will then have no choice but to advance, possibly right into the next daily supply area as explained above.

Pending/P.A confirmation orders:

• Pending buy orders (Green line) are seen just above demand (0.93542-0.93670) at 0.93689.  A pending order was permitted to be set here due this demand area showing buying strength clearly created by pro money, meaning unfilled buy orders may still be lurking there.
• New pending buy orders (Green line) are seen just above the decision point (demand) area (0.94132-0.94221) at 0.94244. A pending buy order was placed here because pro money will likely use this level to push price up to daily supply at 0.95434-0.94862.
• P.A confirmation buy orders (Red line) are seen just above demand (0.93186-0.93345) at 0.93361. The reason a P.A confirmation buy order was placed here rather than a pending buy order, is simply because previous price action shows the buyers in and around the demand area (levels above) may have been consumed with those deep spikes/tails marked with arrows.

• No pending sell orders (Green line) are seen in the current market environment.
• No P.A confirmation sell orders (Red line) are seen in the current market environment.

Chart 2:

Quick Recap:

The daily timeframe shows buyers have pushed above daily supply at 0.94468-0.93758, we will now likely see a test of the daily supply area directly above at 0.95434-0.94862.  On the 4hr timeframe, the buyers have traded directly into 4hr supply at 0.94809-0.94477, this area is not likely going to hold though as higher timeframe direction is currently north. Price will likely retrace back to the last decision point at 0.94132-0.94221 (where we have a pending buy order set just above at 0.94244) before price rallies to the daily supply area mentioned above.

• Areas to watch for buy orders: P.O: 0.93689 (SL: 0.93510 TP: Dependent on approaching price action) 0.94244 (SL: 0.94108 TP: Dependent on approaching price action)   P.A.C: 0.93361 (SL: Dependent on approaching 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: No P.A confirmation sell orders seen in the current market environment.

USD/JPY:

Weekly TF.

The weekly timeframe sees buyers are beginning to show interest around the weekly S/R flip level at 101.254.

Daily TF.

Buyers are beginning to show interest around daily demand (S/D flip area) at 101.532-100.787.

4hr TF.

It seems price may be doing what was reported in the last analysis:

What pro money may even do, instead of dropping to the round number below at 101.000 right away, is confuse the retail traders by pushing price up past the D/S flip area (levels above) thus allowing uninformed traders to jump on board the ‘beginning of a trend’. Pro money will then likely sell hard into all those buy orders at the most recent decision point (supply) at 101.709 to push price down to the round number (level above) for an overall rally higher in price as indicated by the  higher timeframes at the moment.

However, selling weakness is currently being seen, so we may not reach our decision point level at 101.709, only time will tell.

Pending/P.A confirmation orders:

• No pending buy orders (Green line) are seen in the current market environment.
• P.A confirmation buy orders (red line) are seen just above the round number (101.000) at 101.027. The reason a P.A confirmation buy order was used here is because pro money on a regular basis perform deep spikes through these levels stopping countless traders out, hence the need to wait for confirmation.

• Pending sell orders (Green line) are seen at 102.367. A pending order is valid here since this is the area where pro money made the ‘decision’ to break the low 102.113 and take prices lower into what was demand (101.427-101.660 seen on Monday 30th June analysis) at the time, meaning unfilled sell orders were likely left there in the process.
• Pending sell orders (Green line) are seen at a decision point (102.103) at 102.084. Pending sell orders are viable here due to this being an important  decision point level where pro money decided  to break multiple lows and visit what was demand (101.427-101.660 seen on Monday 30th June analysis) at the time, thus giving the impression unfilled sell orders may be left there as price did change direction very quickly.
• Pending sell orders (Green line) are seen just below the decision point (101.709) at 101.691. A pending order was permitted to be placed here since pro money clearly made a decision to consume the majority of the buyers around  what was demand at 101.427-101.660 (seen on Monday 30th June analysis) at the time, meaning there were more than likely unfilled sell orders left behind in the process.
• No P.A confirmation sell orders (Red line) are seen in the current market environment.

Quick Recap:

The weekly timeframe is now showing buyers beginning to take control around the weekly S/R flip level at 101.254, while on the daily timeframe, similar to the weekly, shows buyers beginning to show interest within daily demand at 101.532-100.787.  On the 4hr timeframe, a wick has been seen above 4hr supply (D/S flip area) at 101.427-101.546 meaning (same as yesterday’s analysis) one of two things will likely happen:

1. Price drops down to the round number 101.000 from where price is currently seen trading, at which point we currently have a P.A confirmation buy order set just above at 101.027. This may happen before higher prices are seen.
2. Price will likely rally higher towards the decision point at 101.709 where we have a pending sell order set just below at 101.691, consequently dropping down to the round number 101.000 before higher prices are seen.

• Areas to watch for buy orders: P.O: No pending buy orders are seen in the current market environment. P.A.C: 101.027 (SL: Dependent on approaching 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: 102.367 (SL: 102.458 TP: Dependent on how price action approaches this area) 102.084 (SL: 102.184 TP: Dependent on how price approaches this area) 101.691 (SL: 101.759 TP: Dependent on how price approaches this area P.A.C: No P.A confirmation sell orders are seen in the current market environment.

EUR/GBP:

Weekly TF.

Things are not looking good for the buyers who went long around the weekly demand area at 0.79596-0.80299, as the sellers are beginning to take control.

Daily TF.

Price is still confined between daily supply (D/S flip area) at 0.80348-0.80576, and daily demand below at 0.79282-0.79649 with a break either side yet to be seen.

4hr TF.

Even though sellers are beginning to take control on the higher timeframes (see above), it is still very likely higher prices may be seen according to the 4hr timeframe.

The sellers have been very busy recently, breaking the round number 0.80000 in the process. Price appears to have also consumed some of the buyers around the low 0.79826, which in turn has opened up a path for sellers to push price all the way down to 4hr demand at 0.79405-0.79552 as reported may happen in the last analysis. Why is there now a path down to the aforementioned 4hr demand area? Notice the trendline, this is used to resemble pro money actions. Look at the way price moved, higher highs were seen, then price was pushed back down consuming buyers as price was rallying higher, thus clearing the path of demand for the sellers.

Pending/P.A confirmation orders:

• A pending buy order (Green line) has been set at 0.79580 just above demand at 0.79405-0.79552. The rationale behind this is because buyers have likely consumed the majority of the sellers lurking around the round number 0.80000 and supply above at 0.80647-0.80583 likely clearing the path for higher prices. A small retracement to demand (levels above) will possibly be seen to collect more buyers for a rally higher, thus triggering our pending buy order.
• No P.A confirmation buy orders (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 orders (Red line) under the S/R flip level 0.81403 at 0.81393 is an area where a reaction is likely, however there were too many wicks north seen marked with arrows, indicating sellers are drying up, thus, the need to wait for more confirmation.
• P.A confirmation sell orders (Red line) are seen just under supply (0.80869-0.80771) at 0.80752. Confirmation orders were used here because price is trading around a weekly demand area (0.79596-0.80299), which means price could easily consume this supply level as the higher timeframes usually overrule the lower timeframes.
• The P.A confirmation sell order (Red line) set just below supply (0.80647-0.80583) at 0.80293 is now active. Considering the higher-timeframe location seen on the weekly chart (Weekly demand: 0.79596-0.80299) , the sellers will need to consume the majority of the buyers around the 4hr demand area below at 0.79405-0.79552 to confirm this zone; a pending sell order can then be set awaiting a possible retracement.

Quick Recap:

The weekly timeframe currently shows sellers taking control for the moment within weekly demand at 0.79596-0.80299, while on the daily timeframe price is still seen trading between daily supply at 0.80348-0.80576 and daily demand below at 0.79282-0.79649. Sellers on the 4hr timeframe have shown little sign of slowing down yet, consuming the round number 0.80000 in the process. Price will likely hit 4hr demand below at 0.79405-0.79552 filling our pending buy order set at 0.79580 before higher prices are seen.

• Areas to watch for buy orders: P.O: 0.79580 (SL: 0.79368 TP:  [1] 0.80000 [2] 0.80583 [May change if any new developments in the market are seen]) P.A.C: No P.A confirmation buy orders 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: 0.81393 (SL: Will be likely set at 0.81564 TP: Will be likely set at the round number 0.81000) 0.80752 (SL: likely to be set at 0.80900 TP: Dependent on where price ‘confirms’ the level) 0.80293 (Active-awaiting confirmation) (SL: likely to be set at 0.80648 TP: Dependent on where price ‘confirms’ the level).

USD/CAD:

4hr TF.

A quick reminder of where we are in the higher timeframes show price is currently trading within weekly and daily demand (1.05609-1.07372/1.05883-1.06779).

As reported in the last analysis price may fake the dummy demand (circled) at 1.06639 to our decision point (demand) level at 1.06484. This did indeed happen, but not with the buying strength expected. At the time of writing, price seems to be testing the decision point area (level above) for a second time, this may still be pro money playing tricks with the retail traders, as they know full well, the majority of traders love to move their stops to breakeven a.s.a.p, this second touch will obviously stop most of them out handing pro money even more sell orders to buy into.

Pending/P.A confirmation orders:

• The pending buy order (Green line) set just above the decision point level (1.06484) at 1.06526 is now active, do keep an eye on our first target set at 1.06842.
• No P.A confirmation buy orders (Red line) are seen in the current market environment.

• Pending sell orders (Green line) are seen within the decision point supply area (1.08251-1.08164) at 1.08226. Pending orders are valid here due this likely being the work of pro money, the momentum out of the zone is only caused by traders with big accounts, and when pro money move the market, all of their orders here were unlikely to have been filled, hence a pending order being a logical choice here.
• Pending sell orders (Green line) are seen around the decision point level (1.07481) at 1.07461. A pending sell order is valid here due to this being the last ‘obvious’ decision made by pro money that consumed buyers around the S/R flip level at 1.07266, unfilled sell orders may have been left here in the process. However, we still have to remain aware, as we’re currently seeing price trading in higher-timeframe demand (Weekly: 1.05609-1.07372 Daily: 1.05883-1.06779), so we would need to exit this position at the first sign of trouble if the sell order does indeed get filled.
• No P.A confirmation sell orders (Red line) are seen in the current market environment.

Quick Recap:

Price is currently seen trading within both weekly and daily demand areas (1.05609-1.07372/1.05883-1.06779). The 4hr timeframe is showing price making a second attempt on our 4hr decision point (demand) level at 1.06484, which is where we have an active buy order in the market at 1.06526. Price will likely see higher prices from here up to at least the next trouble area (supply) at 1.06482.

• Areas to watch for buy orders: P.O: 1.06526 (SL: 1.06319 TP: [1] 1.06482 [2] 1.07000 [3] 1.07266). P.A.C: There are no P.A confirmation buy orders seen within the current market environment.

• Areas to watch for sell orders: P.O:1.08226 (SL: 1.08357 TP: Dependent on approaching price action) 1.07461 (SL: 1.07550 TP: Dependent on how price approaches this level). P.A.C: There are no P.A confirmation sell orders seen within the current market environment.

USD/CHF:

4hr TF.

Price did indeed test 4hr demand below at 0.88656-0.88816 as reported may happen in the last analysis. However, a spike below this area has been seen, more than likely stopping out the majority of traders attempting to go long here.

Price will now very likely hit the daily S/R flip level below at 0.88501 before breaking the D/S flip area at 0.88973-0.89168.

Pending/P.A confirmation orders:

• No pending buy orders (Green line) are seen in the current market environment.
• P.A confirmation buy orders (Red line) are seen just above the daily S/R flip level (0.88501) at 0.88533. This level needs to see some confirming price action before any entry is placed in the market, due to their being no logical area for a stop loss order.
• The P.A confirmation buy order (Red line) set just above demand (0.88656-0.88816) at 0.88841has now been cancelled. Price dropped too far from the entry level.

• The pending sell order (Green line) visible at the base of supply (0.90381-0.90033) just above the round number 0.90000 at 0.90063 still remains active. The first target has been hit at 0.89168, we have closed most of our final position now, allowing a very small position to run, giving price room to move, and hopefully hit our final target at the daily S/R flip level (0.88501).
• No P.A confirmation sell orders (Red line) are seen in the current market environment.

Quick Recap:

The 4hr timeframe currently shows the sellers are still in control for the time being. Our P.A confirmation buy order set at 0.88841 had to be removed due to price dropping too far from the entry level. The demand area at 0.88656-0.88816 has now been consumed leaving the path clear to hit the daily S/R flip level at 0.88501 at which point our final target will be hit from our short position taken above at 0.90063. Price will very likely see higher prices from here up to at least the D/S flip supply area at 0.88973-0.89168.

• Areas to watch for buy orders: P.O: There are no pending buy orders seen in the current market environment. P.A.C: 0.88533 (SL: Dependent on approaching 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: (Active – 1st target hit) 0.90063 (SL: 0.90412 TP: [1] 0.89168[2] 0.88501) P.A.C: There are currently no P.A confirmation sell orders seen in the current market environment).

XAU/USD (GOLD)

Daily TF.

Things are not looking good for any of the traders who attempted to short around daily supply at 1331.13-1318.24, as a spike/wick above this area has currently been seen, no doubt stopping most of the sellers out in the process.

4hr TF.

The 4hr decision point (supply) area at 1331.13-1327.42 has been consumed with a relatively large wick/spike above. Price will now very likely hit the 4hr supply area above at 1342.46-1337.02 before price breaks the 4hr S/D flip area at 1314.49-1309.37 below as pro money will likely want to collect all of the stops (buy orders) around this area to sell into, if this is a fakeout above daily supply (1331.13-1318.24), meaning price may advance a little to 4hr supply at 1342.46-1337.02

Pending/P.A confirmation orders:

• Pending buy orders (Green line) are seen within demand (S/D flip area… 1284.88-1280.74) at 1282.82. We have set a pending buy order here due to the fact there was a decision made here (marked by the black horizontal level, when decisions are made by pro money, they may be unfilled buy orders left there, hence the fact we have set our pending order there.
• Pending buy orders (Green line) are seen just above demand (1258.57-1265.27) at 1268.91. We are permitted to set a pending buy order here as the buyers have consumed sellers within (which was at the time of writing) supply at 1293.47-1285.52, as per the previous confirmation buy order originally set at 1266.00 (See Thursday 19th June for details).
• No P.A confirmation buy orders (Red line) are seen in the current market environment.

• The pending sell order (Green line) set just below the supply/decision point (1331.13-1327.42) at 1325.90 has been stopped out.
• New pending sell orders (Green line) are seen just below supply (1342.46-1337.02) at 1336.59. A pending sell order is set here because pro money love to get the cheapest prices, if price has indeed faked above daily supply at 1331.13-1318.24, pro money will want all of the stops (buy orders) around this area to sell into, hence a push up to the 4hr supply area mentioned above may well happen.
• No P.A confirmation sell orders (Red line) are seen in the current market environment.

Quick Recap:

The daily timeframe shows the majority of the sellers are likely stopped out above daily supply at 1331.13-1318.24, while on the 4hr timeframe price has consumed 4hr supply at 1331.13-1327.42 along with our pending sell order set at 1325.90. A new pending sell order is set just below the upper 4hr supply area (1342.46-1337.02) at 1336.59 as we believe price will likely hit the aforementioned 4hr supply area before breaking the 4hr S/D flip area at 1314.49-1309.37.

• Areas to watch for buy orders: P.O: 1268.91 (SL: 1264.30 TP: Dependent on approaching price action) 1282.82 (SL: 1275.12 TP: Dependent on approaching price action). P.A.C: There are currently no P.A confirmation buy orders seen in the current market environment.

• Areas to watch for sell orders: P.O: 1325.90 (Stopped out) (SL: 1332.71 TP: Dependent on approaching price action) 1336.59 SL: 1343.47 TP: Dependent on approaching price action)    (SL: P.A.C: There are currently no P.A confirmation sell orders seen in the current market environment.