After U.S. President Donald Trump implemented new tariffs on the country's three largest trading partners, the price increased and surpassed the resistance zone. At present, the price is attempting to break the 2918 level to reach the final high resistance zone.
However, this level may act as a temporary barrier, leading to a possible rejection as a corrective move before the price gathers enough momentum for a breakout. Such a correction would allow the market to absorb selling pressure and establish stronger support before resuming its upward movement. If the price successfully breaks above 2918, it would confirm bullish continuation, but if rejection occurs, a pullback could provide a better entry point for buyers looking to capitalize on the next upward leg.
Tendency Keys: 2918
Resistance Line: 2918, 2938, 2955.
Support Line: 2895, 2880, 2844
Markets are all about perspective. If you see something different, let’s discuss in the comments!
However, this level may act as a temporary barrier, leading to a possible rejection as a corrective move before the price gathers enough momentum for a breakout. Such a correction would allow the market to absorb selling pressure and establish stronger support before resuming its upward movement. If the price successfully breaks above 2918, it would confirm bullish continuation, but if rejection occurs, a pullback could provide a better entry point for buyers looking to capitalize on the next upward leg.
Tendency Keys: 2918
Resistance Line: 2918, 2938, 2955.
Support Line: 2895, 2880, 2844
Markets are all about perspective. If you see something different, let’s discuss in the comments!
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The price is struggling to break above 2,918., indicating indecision. A breakout could push it toward 2,938–2,955, while rejection may lead to a retest of 2,895–2,880 before the next move.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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.