- HTF Perspective, price is consolidating, however, numerous opportunity will appear for scalpers.
H4:
1. 192.275, act as major resistance and price has respect the overall trendline which make sense for price to have some negative impact at it.
2. Previous candle closure act as short-term bearish opportunity, align with the resistance and rejection on the trendline above.
- Overall, I will stay neutral as I do not have an exact bias for this UNLESS a break of either trendline.
H4:
1. 192.275, act as major resistance and price has respect the overall trendline which make sense for price to have some negative impact at it.
2. Previous candle closure act as short-term bearish opportunity, align with the resistance and rejection on the trendline above.
- Overall, I will stay neutral as I do not have an exact bias for this UNLESS a break of either trendline.
Trade active
Price has been respecting the resistance, numerous chances for scalpers to short within the range. With that being said, I am still waiting for the overall price to break either trend line.
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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.