This monthly gap up here is a magnet. Price will tap it shortly but there is too much confluence of bearish factors.
1 - Back test (pullback) to 6 year broken support
2 - Resistance trendline
3 - FVG gap
This is just on the monthly.
I might be wrong but hedging with shorts in that area is wise.
1 - Back test (pullback) to 6 year broken support
2 - Resistance trendline
3 - FVG gap
This is just on the monthly.
I might be wrong but hedging with shorts in that area is wise.
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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.