-Yurlo
Good afternoon traders and investors, please give this TA a thumbs up if you like it đź‘Ť
(next major resistance ~ was the 2nd validation point on the downtrend, which would be an area of high liquidity) $12,100
(top resistance ~ the 1st validation point which initiated the downtrend) $12,490
Looking for a retest of lower support levels ~ $10950 - $11085 seems probable before anything further can occur considering the liquidity below us currently.
I'm short (bearish bias)
$12,100 on a 4 hour close or daily would invalidate this trade.
Enjoy your week, I'm working 60 hours so I won't be as active but thought I'd share this TA for you guys!
Stay safe, and stick to your trading plan! đź‘Ť
Good afternoon traders and investors, please give this TA a thumbs up if you like it đź‘Ť
(next major resistance ~ was the 2nd validation point on the downtrend, which would be an area of high liquidity) $12,100
(top resistance ~ the 1st validation point which initiated the downtrend) $12,490
Looking for a retest of lower support levels ~ $10950 - $11085 seems probable before anything further can occur considering the liquidity below us currently.
I'm short (bearish bias)
$12,100 on a 4 hour close or daily would invalidate this trade.
Enjoy your week, I'm working 60 hours so I won't be as active but thought I'd share this TA for you guys!
Stay safe, and stick to your trading plan! đź‘Ť