SNXUSD hit today a triple Resistance Zone, the top of its 3 month Channel Down, the MA100 and the MA200 (1d).
Until the price closes over the Channel Down, the trend remains bearish.
Trading Plan:
1. Sell on the current market price.
2. Buy above Resistance (1).
Targets:
1. 2.000 (Rising Support).
2. 3.000 (Resistance 2).
Tips:
1. The RSI (1d) hit its Rising Resistance. If broken it will be a first sign that the Channel Down may break upwards. Also this is a bullish divergence as it is the opposite of the Falling Resistance of the Channel Down.
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Until the price closes over the Channel Down, the trend remains bearish.
Trading Plan:
1. Sell on the current market price.
2. Buy above Resistance (1).
Targets:
1. 2.000 (Rising Support).
2. 3.000 (Resistance 2).
Tips:
1. The RSI (1d) hit its Rising Resistance. If broken it will be a first sign that the Channel Down may break upwards. Also this is a bullish divergence as it is the opposite of the Falling Resistance of the Channel Down.
Please like, follow and comment!!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.