If we look at the daily chart,
we will see that there are 3 different resistances!
1. 200 EMA around 75,00 - 75,50
2. Third touch of day trendline
3. Resistance line of H4 trend
The H1 penultimate candle realizes more than 50 pips downward movement.
If it breaks the H1 trend line support, we go to levels around 74,00, where
there are two strong levels of support:
74,50 - 74,70, where there will be serious resistance.
we will see that there are 3 different resistances!
1. 200 EMA around 75,00 - 75,50
2. Third touch of day trendline
3. Resistance line of H4 trend
The H1 penultimate candle realizes more than 50 pips downward movement.
If it breaks the H1 trend line support, we go to levels around 74,00, where
there are two strong levels of support:
- 38,2 Fibo
Horizontal support line
74,50 - 74,70, where there will be serious resistance.
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💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade