Gpbusd sell analiysis
1. Identify Key Levels
Support Level: Around 1.28000 USD
Resistance Level: Around 1.29000 USD
2. Calculate the Distance
Distance between Support and Resistance:
USD (100 pips)
This means the potential downside move is approximately 100 pips from the support level.
3. Trading Implication
The red arrow suggests that 1.29000 is a strong resistance and price may reject downward.
The blue arrow indicates a possible bearish movement toward 1.28000 support if the resistance holds.
Support Level: Around 1.28000 USD
Resistance Level: Around 1.29000 USD
2. Calculate the Distance
Distance between Support and Resistance:
USD (100 pips)
This means the potential downside move is approximately 100 pips from the support level.
3. Trading Implication
The red arrow suggests that 1.29000 is a strong resistance and price may reject downward.
The blue arrow indicates a possible bearish movement toward 1.28000 support if the resistance holds.
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Trade XAU/USD with expert signals Join World Expert Trading for reliable, profitable Gold trading insights Start now [t.me/WorldExpertTrading1]
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.