As you can see the 118.00 area is a major S/R level. The first and second touch were 30 weekly candles apart while the second and third were separated by 31 candles. However the third touch has not quite occurred 99 candles later.
It is surely coming soon and I believe we will have a good short set up. I believe the bulls are on their last final push and the 118 area will once again act as resistance.
If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications of my work.
As always, please use sound money and risk management in all your trades.
It is surely coming soon and I believe we will have a good short set up. I believe the bulls are on their last final push and the 118 area will once again act as resistance.
If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications of my work.
As always, please use sound money and risk management in all your trades.