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Basically, 1848 has been showing buying interest, but if there's not enough demand, 1878 is a dangerous level from where heavy supply has emerged in the past.
{ As long as 1848 hold, and especially 1855-1856, while keeping showing buying interest as it does, I do expect another touch of 1870-1876}
But considering how 1878 have been a resilient resistance ever since we did break under at the beginning of the year, I need a break upside it on demand showing continued presence to consider higher zones 1815.
A break under 1848 would make me look for selling scalp to 1830, and evaluate how it would reacts reaching there. And a break under 1830, would make me do the same with 1785-1800
1 hour
Weekly
&
Looking at the current weekly reaction.....
Monthly
{ As long as 1848 hold, and especially 1855-1856, while keeping showing buying interest as it does, I do expect another touch of 1870-1876}
But considering how 1878 have been a resilient resistance ever since we did break under at the beginning of the year, I need a break upside it on demand showing continued presence to consider higher zones 1815.
A break under 1848 would make me look for selling scalp to 1830, and evaluate how it would reacts reaching there. And a break under 1830, would make me do the same with 1785-1800
1 hour
Weekly
&
Looking at the current weekly reaction.....
Monthly
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