AdvinFX

AdvinFX

US100 is approaching an area of resistance. Awaiting bearish signal for a short.

AdvinFX

Price broke a little above the structure before continuing in the previously anticipated direction (towards the trendline). I have also identified another significant level of resistance which is in confluence with the trendline. I'm going to watch this area closely for a bullish signal before going long.

AdvinFX

Price just broke out of a support level, there may be a retest after the breakout before continuing to the trend line. I'll be looking for a buy signal at the approach of the trendline.

AdvinFX

Price is currently in an uptrend, presently at the trendline which has held nicely for quite some time. It's very likely we see a rejection of this trendline to the upside for another retest of the supply zone at 80.9. If price rejects this area also breaks the support level, it could signify the beginning of a downtrend.