Will the Price Flip Hold as Resistance?
The major support on this pair is so far holding and propping up prices.
This level has been important as a support and resistance level all year in this market.
With price making a rotation higher it is now moving back into the near term price flip resistance.
If this level holds as a resistance we could expect a further attempt to breakout lower and through the support level.
This near term resistance presents as a potential area to be watching for short trades in the coming sessions.
We could watch for high probability bearish triggers on the intraday time frames such as the 4 hour charts and below.
This level has been important as a support and resistance level all year in this market.
With price making a rotation higher it is now moving back into the near term price flip resistance.
If this level holds as a resistance we could expect a further attempt to breakout lower and through the support level.
This near term resistance presents as a potential area to be watching for short trades in the coming sessions.
We could watch for high probability bearish triggers on the intraday time frames such as the 4 hour charts and below.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.