- Price has been in a sell off and seems to be selling heavy
- I took sells this morning before London open at the retest of 1799-1800 Support turned Resistance, I have just closed my sells at 1780
- At the time of writing this price has broken through a 4H support level between 1785-1790 (look to the left), it could come back to retest this area
- 1780 is a strong area and we could see price rebound from here to test the 1800-1815 levels
- If it does not retest and continues to sell, I am expecting it to carry on bearish to 1760-1770 Support
- Last day of the trading week, so take your profits and bank it, always protect your capital.. Cheers to the weekend!
- I took sells this morning before London open at the retest of 1799-1800 Support turned Resistance, I have just closed my sells at 1780
- At the time of writing this price has broken through a 4H support level between 1785-1790 (look to the left), it could come back to retest this area
- 1780 is a strong area and we could see price rebound from here to test the 1800-1815 levels
- If it does not retest and continues to sell, I am expecting it to carry on bearish to 1760-1770 Support
- Last day of the trading week, so take your profits and bank it, always protect your capital.. Cheers to the weekend!
Comment:
Currently rejection on the 1790 levels, lets see if it breaks through or melts to 1770