Price rallied up to 1.1180 making new HH, but Stoch failed to make a new high.
BB moving horizontal and narrowing. Middle line is no longer supporting the instrument. Upper band is expected to be the closest resistance and lower at 1.1148 is the support.
#Price broken down the lower border of the sideways channel and support line at 1.1185, which now has become new Resistance. Expect price to retest this level and watch if its gonna hold or rejected. If pullback, likely this level is a good entry for short.
Pls comment below if you have any suggestions.
BB moving horizontal and narrowing. Middle line is no longer supporting the instrument. Upper band is expected to be the closest resistance and lower at 1.1148 is the support.
#Price broken down the lower border of the sideways channel and support line at 1.1185, which now has become new Resistance. Expect price to retest this level and watch if its gonna hold or rejected. If pullback, likely this level is a good entry for short.
Pls comment below if you have any suggestions.
Comment:
1st entry cancelled, price broke through the Resistance line and become its Support. So watch on PA swing, for another entry.
