Major Confluence Zone
Note that this is a "POTENTIAL" Resistance zone, it's totally normal that the price surpasses that area without any bearishness. This is not a call for short, however, i will SURELY be looking to short if i get a short term signal there.
Good luck...
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My best regards
Technician
- Previously broken rising trend line
- Falling trend line that started from 189.70 high
- 61.8 retracement for the latest main bearish wave
- 1.27 extension for the latest minor bearish decline
- 1.618 extension for the latest minor bearish decline
- Swing high (horizontal resistance at 181.00
Note that this is a "POTENTIAL" Resistance zone, it's totally normal that the price surpasses that area without any bearishness. This is not a call for short, however, i will SURELY be looking to short if i get a short term signal there.
Good luck...
Exclusively Subscribers to my mailing list will get one month access to my trading account . subscribe here thefxchannel.com/ ,
My best regards
Technician
