Context:
As price broke support at 58114 and the demandline , we allreayd have some signs of weakness at hands,
as price retested the broken support and it tunred resistance we got confirmed weakness , and i wouldnt recomend any longs until we trade back above 58800 or a reversal at the 50% mark 55600 , shorts are heavy favoured in this pair.
Trade Opportunities:
Long:
Reversal at 50% mark 55600
Short:
Retracement + rejection of broken support at 57600
Signs of strength:
none
Signs Of weakness:
rejection of major 50% mark at 58800
broken support
broken demandline
support turned resistance
Support:
57000
56520
55600
Resistance:
57600
58114
58800
www.invezted.com
As price broke support at 58114 and the demandline , we allreayd have some signs of weakness at hands,
as price retested the broken support and it tunred resistance we got confirmed weakness , and i wouldnt recomend any longs until we trade back above 58800 or a reversal at the 50% mark 55600 , shorts are heavy favoured in this pair.
Trade Opportunities:
Long:
Reversal at 50% mark 55600
Short:
Retracement + rejection of broken support at 57600
Signs of strength:
none
Signs Of weakness:
rejection of major 50% mark at 58800
broken support
broken demandline
support turned resistance
Support:
57000
56520
55600
Resistance:
57600
58114
58800
www.invezted.com
