0.6365 marks a key level. Price surged above this level twice and then quickly reversed. We're clearly seeing selling volume as price is testing what's considered as both the 1-hour and 4-hour resistance.
At the same time, price is also failing to make significant highs. This entry is based on on the weak buying pressure that consists of a pull back after a bearish move.
At the same time, price is also failing to make significant highs. This entry is based on on the weak buying pressure that consists of a pull back after a bearish move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.