Looking for Price to Move Into Support
This pair has now formed a large false break of the daily chart resistance level.
As the daily chart shows, price is now selling off lower and looking to move into the support level around 1.0600.
This looks a high probability level to keep an eye on in the coming sessions for potential long trades and for price rejection, even if only in the short-term.
The best long trades would be on the smaller time frames with a smaller stop loss.
Thanks for your like and support...
As the daily chart shows, price is now selling off lower and looking to move into the support level around 1.0600.
This looks a high probability level to keep an eye on in the coming sessions for potential long trades and for price rejection, even if only in the short-term.
The best long trades would be on the smaller time frames with a smaller stop loss.
Thanks for your like and support...
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Related publications
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.