Resistance on the Edge? A breakout in Sight!In our previous analysis, we anticipated a price drop—and it played out perfectly, securing 10,315.6 pips in profit.
What’s Next?
Now, after analyzing multiple timeframes, we see that the price has bounced off the 2nd large channel’s middle line, a key support level respected multiple times in the past. Currently, it’s trading around 2915.44, near our resistance zone at 2922.
Since March 4 (Tuesday), the price has been testing this level repeatedly, suggesting that the resistance is weakening. If 2922 breaks, our next targets will be:
📍 2940 – Next resistance zone
📍 2949 – First price target
📍 2968 – Second price target
🛡 A trader’s first goal is survival. Profits come second.
🔑 Take care of your losses, and the profits will take care of themselves.
Stay disciplined and trade wisely. Happy trading!
