1. Double Top Resistance: Around 1.2920
2. Current Price: 1.29179
3. Support Level: Around 1.2800
Distance Calculations:
Distance from Resistance (Double Top) to Support:
1.2920 - 1.2800 = 0.0120 (120 pips)
Distance from Current Price to Support:
1.29179 - 1.2800 = 0.01179 (117.9 pips)
Distance from Current Price to Resistance:
1.2920 - 1.29179 = 0.00021 (2.1 pips)
This analysis suggests a potential bearish move toward 1.2800 if the price fails to break the double top resistance and follows the projected downtrend.
2. Current Price: 1.29179
3. Support Level: Around 1.2800
Distance Calculations:
Distance from Resistance (Double Top) to Support:
1.2920 - 1.2800 = 0.0120 (120 pips)
Distance from Current Price to Support:
1.29179 - 1.2800 = 0.01179 (117.9 pips)
Distance from Current Price to Resistance:
1.2920 - 1.29179 = 0.00021 (2.1 pips)
This analysis suggests a potential bearish move toward 1.2800 if the price fails to break the double top resistance and follows the projected downtrend.
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.
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.