Price has broken the 1195 support that has turned into a resistance level, wait for the retest of the 1195 area for short reversal setups and see price fall to the next support level at the 1130 area.
This is for educational purposes.
Trades taken from this analysis by a trader are solely at their own risk.
Risk Management plays a huge role in long term...
Price is trading at a key Support level.
Long at Support and take profit at daily pivot or resistance level.
This is for educative purposes only & any trade execution will be at the traders own risk keeping in mind proper risk management.
Price is currently trading at a major support level,the next move would be heading to the resistance area.
buy at Support unless any major fundamentals are present & take profit at daily pivot point or at resistance.
This is for educational purposes only & any trades executed at traders own risk keeping in mind proper risk management.
Head & Shoulder formation on the daily chart
Sell at Resistance unless any major fundamentals are present & take profit at daily pivot point or at support.
This is for educative purposes only any trades executed at traders own risk keeping in mind proper risk management.
The price has been rallying up for some days now.should we be seeing a uptrend the price will have to retrace back to the 0.618 fib before continuing the bullish rally ,the price has also struck a relatively strong weekly resistance at the top should this be a bounce from the resistance level we could see price going down to retest the previous swing low or make a...
