As I write this analysis, price action is looking to move higher and test the key daily chart resistance.
As the daily chart shows; this level has recently held as a strong support level on multiple occasions.
If this level can now act as a price flip and new resistance it could be a solid level to begin hunting new bearish price action short trades.
Trades could be found on the daily chart and lower time frames and would need bearish price action to confirm the level has held as a new resistance.
As the daily chart shows; this level has recently held as a strong support level on multiple occasions.
If this level can now act as a price flip and new resistance it could be a solid level to begin hunting new bearish price action short trades.
Trades could be found on the daily chart and lower time frames and would need bearish price action to confirm the level has held as a new resistance.
