There's confluence of support and resistance in this price area.
1) Major support/Resistance area, blue horizontal line, price has been found historically to reverse.
2) Long term trend Resistance
3) Short term trend support
If we see a break of (3), and (2) holds its resistance, (1) should help sellers to take control and set in motion the reversal.
Good trading this week all!
1) Major support/Resistance area, blue horizontal line, price has been found historically to reverse.
2) Long term trend Resistance
3) Short term trend support
If we see a break of (3), and (2) holds its resistance, (1) should help sellers to take control and set in motion the reversal.
Good trading this week all!
Trade active
Trade closed manually:
I closed it, i noticed there's a FED outlook news in about half an hour.
Comment:
Don't know what kind of volatility to expect, that's why I closed this early
Comment:
Re-entered my trade order
Trade active
Trade closed: stop reached
