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Mahtab_Tradia
Mar 22, 2022 6:39 AM

NG Sideways Zone 

Description

After a significant rise as a result of war, price has approached to the resistance level at 5.000 which has pushed the price for several times in the past.

Currently, price is bouncing between the red resistance level at 5.000 and the yellow support zone around 4.800 which is a sideways area.

We should wait for the breakout on the resistance or support level first, then in the case of a candle closure above or below the broken level, we can expect a move towards the target.
Comments
yonsfx
Appreciate it a lot
TheSignalyst
waiting for that last high break too ;)
UnknownUnicorn15614419
Good one, thanks for sharing.
CobraVanguard
exceptional analysis, keep it up
Solldy
excellent view
KlejdiCuni
I agree with you about both scenarios. NG is a bit tricky as an instrument
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