mash98

mash98

price failed to break the resistence multiple times at 143.388. Creating a nice trend line to the downside.

mash98

Price bounced nicely at the trend line then went to break the resistence at 1.14196 and turn it to support.

mash98

when the market breaks the support at 1.14493 it is going short, it all depends on the GBP inflation rate to be higher.

mash98

Looking at price movement , there was a resistence on 08 august 22 similar in price movement to the resistence on 07 september 22 (0.67737). So price should be pulling back to the the resistence at 0.67737.

mash98

price is currently in the supply zone, tried to break our resistence but failed came back into the supply zone. It might go short to closest support and then retest the supply zone once or twice before going short.