LEAD at Key Resistance Level - Correction Incoming?FUSIONMARKETS:XPBUSD is currently testing a significant resistance zone. Previously, this area has acted as a strong barrier, leading to bearish reactions. The recent rally into this zone suggests a potential for sellers to step in and drive prices lower.
A bearish confirmation, such as a strong rejection pattern, bearish engulfing candles, or long upper wicks, would increase the probability of a pullback. If sellers regain control, the price could move toward the 1,967.000 level.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
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Best of luck , TrendDiva
