Prediction - Short:
- Resistance @ (Top)1.858
- Support @ (Bot) 1.838
Why: We're near the high for the month but not nearly as close to the previous years high. Divergence on the higher timeframes and near resistance level.
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Prediction - Long:
- Support @ (Bot) 1.838
- Resistance @ (Top) 1.858
Why: For a long position, it'd be a risk to place it at the current price point, so we must wait until price falls for a better position. Divergence on the higher timeframes also which is also nice.
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Please do your own research and analysis before looking at another's.
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- Resistance @ (Top)1.858
- Support @ (Bot) 1.838
Why: We're near the high for the month but not nearly as close to the previous years high. Divergence on the higher timeframes and near resistance level.
---------------------------------
Prediction - Long:
- Support @ (Bot) 1.838
- Resistance @ (Top) 1.858
Why: For a long position, it'd be a risk to place it at the current price point, so we must wait until price falls for a better position. Divergence on the higher timeframes also which is also nice.
---------------------------------
Please do your own research and analysis before looking at another's.
Leave a like if you found this idea to be useful or would like to see more!
Thank you!
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