As many of you know, we are all about the probabilities and confirmations, so here we are looking for and waiting for further pressure from the bearish resistance zone, which has been dragging the price lower and lower, where now we are at the tip of the triangle pattern.
Pressure from both buyers near support and sellers from resistance might lead to quick liquidity grabs but eventually we will break from one or another zone.
We put a few target zones for both scenarios here, but personally, I am looking for a drop more than a breakout here...it seems more logical with the current market state!
Swallow Team
Pressure from both buyers near support and sellers from resistance might lead to quick liquidity grabs but eventually we will break from one or another zone.
We put a few target zones for both scenarios here, but personally, I am looking for a drop more than a breakout here...it seems more logical with the current market state!
Swallow Team
Trade closed: target reached
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
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.