As it can be inferred from the graphical illustration, the price has reached a crucial area of resistance. The previous DAILY timeframe candle looks impulsively bullish, and thus we can expect for a correctional move to happen. We will be closely monitoring the current price action and looking for more confirmations before going short and aiming for the zone illustrated on the chart.
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.
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.