I tried to look from a broader perspective to the pair. That small zone seems to be a hardresistance to break as it is gathering several blockages. Bulls needs to spend more than ever to pass this one. Maybe it will be easier to fall and rise.
Please everyone make your own research and risk management. If you share it, we can get benefit from it.
@AliSerdarSahin, do you think that resistance is now a support?
AliSerdarSahin
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@BilimNehri, Of course it might work as a support, but the sentiment is very important now. Strong bearish sentiment can break that easily. Fib levels seems working quite well. Actually the "2.nd Trend Line" on my chart seems a bit off. The corrected one and the .618 fib level of the previous downward implulse confluenced very well. It is very clear to me we are still in 20K correction.
BilimNehri
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@AliSerdarSahin, thank you for quick reply. I hope it holds as a support for two weeks or something . Because I think there is a short term long opportunity now . Trying one last time to touch to the current rising wedge's upper line
AliSerdarSahin
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@BilimNehri, You are welcome. Range trading and scalping time :)
BilimNehri
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@AliSerdarSahin, thank you for the work, also stoch RSI seems to be at overbought zone, kolay gelsin