Daily Support Facing Big Test
The major daily support level on this pair is facing a big test.
The higher time frame charts including the daily chart are all trending higher and this is a proven price flip level. However; there is a stubborn intraday resistance level containing price at the moment.
As the 4 hour chart shows; price is stuck between the major daily support and the intraday resistance. Until one of these levels breaks, making a trade on this pair will come with high risk.
Thanks for your like and support
The higher time frame charts including the daily chart are all trending higher and this is a proven price flip level. However; there is a stubborn intraday resistance level containing price at the moment.
As the 4 hour chart shows; price is stuck between the major daily support and the intraday resistance. Until one of these levels breaks, making a trade on this pair will come with high risk.
Thanks for your like and support
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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.