Can Price Flip Resistance Hold?
Price recently made a solid breakout lower and through the important daily chart support level on this pair.
This old breakout support level is now in for a real test.
Price has already tried to break through it higher in the last session and now price is once again making a fresh attempt at breaching back higher.
If this level can hold and the recent intraday lows can be taken out it could activate short trades.
At this stage short trades would be favored because going back long would be trading directly back into a heap of traffic and trouble areas.
This old breakout support level is now in for a real test.
Price has already tried to break through it higher in the last session and now price is once again making a fresh attempt at breaching back higher.
If this level can hold and the recent intraday lows can be taken out it could activate short trades.
At this stage short trades would be favored because going back long would be trading directly back into a heap of traffic and trouble areas.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.