Not only price touched the 1D longterm resistance trendline, it also reached channel resistance. High likelyhood it will come down to at least first support at 1.0873 and maybe retest channel support (see 2H chart for more clarity). It is also on the verge of creating a bearish pinbar.
Opened a small short position to actively manage.
If price breaks channel support, good chance it runs to 1D trendline support too.
Opened a small short position to actively manage.
If price breaks channel support, good chance it runs to 1D trendline support too.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.