1. Price held resisted at the 0.9795 mark. Every time price approached this resistance level, you saw a strong bearish reaction each time.
2. Depending on how you draw the trendline, you'll have differing views on whether this wedge consolidation has been broken.
3. I do not like to trade off of trend lines as I like to look at horizontal levels where price has traded to get a sense of buying and selling pressure sources. I'll be monitoring this on the hourly, but I see strong potential for greater downside play if this indeed turns bearish.
2. Depending on how you draw the trendline, you'll have differing views on whether this wedge consolidation has been broken.
3. I do not like to trade off of trend lines as I like to look at horizontal levels where price has traded to get a sense of buying and selling pressure sources. I'll be monitoring this on the hourly, but I see strong potential for greater downside play if this indeed turns bearish.
Trade attivo
Great initial push lower on this pair. The next critical level that I'm eyeing is the 0.96 whole number:Trade chiuso: obiettivo raggiunto
0.96 target reached.
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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.