Context:
this pair is ranegbound with support @118.600 and resistance @120.400 ,
the actual rejection of res. brought us near support again but still price resulted in a higher low
the induced rallie however got rejected @120.140 and formed a lower high , we stay in this range till we left that
range for good ;) till then selling and buying at the extremes is ok,
signs of strenght:
support holds
higher low
signs of weakness:
resistance holds
lower high
this pair is ranegbound with support @118.600 and resistance @120.400 ,
the actual rejection of res. brought us near support again but still price resulted in a higher low
the induced rallie however got rejected @120.140 and formed a lower high , we stay in this range till we left that
range for good ;) till then selling and buying at the extremes is ok,
signs of strenght:
support holds
higher low
signs of weakness:
resistance holds
lower high
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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.
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.