From 11846-11720 today low so far is about 126 pips , what happens from here it either consolidates this move
between 11720-11770 or can exceed to 11790 then continue lower.
11720-11688 is now crucial as it could consolidate within the 11846-11720 price zone for some time.
Break above 11800 = 11820-11846-11909.
Break below 11720= 11700-11688 then:
11638 +/-(15 pips), 11586 +/-(15 pips)
Caution is warranted, expect the unexpected as it will be a ride on the wild side.
between 11720-11770 or can exceed to 11790 then continue lower.
11720-11688 is now crucial as it could consolidate within the 11846-11720 price zone for some time.
Break above 11800 = 11820-11846-11909.
Break below 11720= 11700-11688 then:
11638 +/-(15 pips), 11586 +/-(15 pips)
Caution is warranted, expect the unexpected as it will be a ride on the wild side.
Note
Previous low of 11688 has been breached by 1 pip... is it enough maybe, 1 more low probable to price zone of 11638/11587.upside resistance 11770-11730, above here then higher prices.
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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.