Similar to the USDCAD (but inverse), after breaking out of the tight daily chart range support area, price quickly moved into the next key support level.
The old breakout support level looks a solid level to act as a price flip resistance.
If price can find it's way back into this price flip resistance, then it could provide some A+ short trading opportunities inline with the breakout momentum and at a key level. This market looks a key watch over the coming sessions.
The old breakout support level looks a solid level to act as a price flip resistance.
If price can find it's way back into this price flip resistance, then it could provide some A+ short trading opportunities inline with the breakout momentum and at a key level. This market looks a key watch over the coming sessions.
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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.