Looking for Buyers to come back in and push off major support and resistance at the 156.250 QP. Predicting price to rise back to the 157.000. Trendline is also acting as support and resistance as we are still in an uptrend.
Note
was able to take TP 1 at 156.750, buyers did not have enough momentum to push price past 158.886, which happened to be a sell zone on the 12min timeframe extactly where the last buyers with momentum failed to push price to higher and where sellers momentum began for a new lower low.
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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.