Key Resistance Zone in Play
This is an interesting pair with the price action it is printing just at the moment.
After selling off lower, price formed a double bottom and has now moved back higher into the daily chart resistance ‘zone’.
I call it a zone because it is not a straight line by any means.
If you look at the daily chart you will see that when price previously held as support at this level it struggled to make a solid close below it and when it did, price quickly retreated back above it.
This is a major level to watch in the coming sessions.
After selling off lower, price formed a double bottom and has now moved back higher into the daily chart resistance ‘zone’.
I call it a zone because it is not a straight line by any means.
If you look at the daily chart you will see that when price previously held as support at this level it struggled to make a solid close below it and when it did, price quickly retreated back above it.
This is a major level to watch in the coming sessions.
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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.