USDIDR - Short Opportunity from resistance zonePEPPERSTONE:USDIDR is testing a significant resistance zone that has consistently reversed bullish trends into bearish moves. The recent bullish push into this area suggests potential selling opportunities.
I personally anticipate a move toward 16,215.2.
On the other hand, a break above this resistance could indicate a shift in sentiment.
Traders should monitor this zone closely and wait for confirmation before entering short positions. If you have any thoughts on this setup or additional insights, drop them in the comments!
Usdidrsetup
Bullish Bias on USDIDRIndonesia rupiah would like to weakening since we've got a pennant pattern on this market as their bullish continuation signal. Buy on break should be your consideration with the supply area as price target and 14300 as a bullish invalidation if the price goes down and close below it