Resistance is resist and bitcoin was rejected by ~10500 zone. Will see, maybe it was a good place for a hedge short.
Bought at ~10195, maybe it was just a dip. Risking ~0.5% of equity, stop loss is super tight.
Also have orders in 10050 zone if we get there - less risky trade.
Information is just for educational purposes, never financial advice. Always do your...
This pair is closing in, and it is getting ready for a breakout. It is expected that the AUD will be getting stronger, but sometimes expectations aren't met. Price and the RSI are paired up right now with the converging pattern. A break up is a long signal and a break down is a short signal.