SNXUSD hit today a triple Resistance Zone, the top of its 3 month Channel Down, the MA100 and the MA200 (1d).
Until the price closes over the Channel Down, the trend remains bearish.
Trading Plan:
1. Sell on the current market price.
2. Buy above Resistance (1).
Targets:
1. 2.000 (Rising Support).
2. 3.000 (Resistance 2).
Tips:
1. The RSI (1d) hit its Rising Resistance. If broken it will be a first sign that the Channel Down may break upwards. Also this is a bullish divergence as it is the opposite of the Falling Resistance of the Channel Down.
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Until the price closes over the Channel Down, the trend remains bearish.
Trading Plan:
1. Sell on the current market price.
2. Buy above Resistance (1).
Targets:
1. 2.000 (Rising Support).
2. 3.000 (Resistance 2).
Tips:
1. The RSI (1d) hit its Rising Resistance. If broken it will be a first sign that the Channel Down may break upwards. Also this is a bullish divergence as it is the opposite of the Falling Resistance of the Channel Down.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰