Price is currently at a strong 6H resistance zone. We can see multiple wicks which indicate price could possibly respect this area without breaking through it. If this pattern continues we can drop to a lower time frame and look for a reversal pattern before entering a bearish trade. Happy trading!
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.