Price is showing rejection off of a Monthly Reistance giving ideas for bearish momentum into an un retested support level that was broken the previous week. I lay the foundation of this analysis on that support at 1.37000
Because id that support doest hold, we would be on a full reversal market condition, back down to 1.3300. (400pips away)
If that support holds, we continue the bull run up to 1.40500 (360 pips away)
Because id that support doest hold, we would be on a full reversal market condition, back down to 1.3300. (400pips away)
If that support holds, we continue the bull run up to 1.40500 (360 pips away)
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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.