In the EURUSD pair, in a 3-hour timeframe, we can observe multiple lines of support and resistance. The chart identifies the contacts in which the lines act as resistance with blue circles and the contacts in which it acts as a support with yellow circles. At this time prices are in contact with one of the lines so it gives us the possibility to go short if the line acts as resistance.
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.