With current price level my stance remains neutral because taking a position at the moment is a trap that one might regret. There are opportunities for bears and opportunities for bulls but resistance or support zone has to be broken first to see the direction price might move with. Zones with indication " 1 " are short term opportunities for both sides, zones with numbers 2 and 3 within can be considered long term depending on what the trader. It seems that price will retest the trend line and then give authority to the bears within the trap zone where decision making will be difficult but personal sentiment will be neutral for now even though bulls seems to have an upper hand.
Opportunities for bulls Opportunities for bears
1. 1.08923 - 1.10136 1. 1.07814 - 1.07279
2. 1.1.168 - 1.11382 2. 1.07279 - 1.06389
3. 1.12060 - 1.15021
Opportunities for bulls Opportunities for bears
1. 1.08923 - 1.10136 1. 1.07814 - 1.07279
2. 1.1.168 - 1.11382 2. 1.07279 - 1.06389
3. 1.12060 - 1.15021
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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.