Price is currently respecting a descending channel, making lower highs and lower lows, indicating a strong bearish trend. The market is approaching a key resistance zone around 149.165 - 150.000, where a confluence of trendline resistance and a supply zone is expected to reject further upside. A sell limit is placed at 149.165, targeting a move back down to the lower boundary of the channel near 146.544.
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7+ years of trading experience 📚
Canadian Based 🇨🇦
Learn a structured approach to consistent trading results 🧠💡
Follow me on Insta!
Canadian Based 🇨🇦
Learn a structured approach to consistent trading results 🧠💡
Follow me on Insta!
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.