Trend: Bearish
Structure: Resistance levels
Plan: We have seen price bounce of horizontal resistance a few times. We now look to take a short down to previous low.
Please be aware there is also a point of resistance above, hence price could breakout and retest higher resistance before continuing the bearish trend.
RSI/MACD confirmation necessary before entry.
Structure: Resistance levels
Plan: We have seen price bounce of horizontal resistance a few times. We now look to take a short down to previous low.
Please be aware there is also a point of resistance above, hence price could breakout and retest higher resistance before continuing the bearish trend.
RSI/MACD confirmation necessary before entry.
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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.