BREAKOUT!
Yesterday after a nice accumulation,
bears successfully broke below daily horizontal support.
It is a very important bearish signal and it makes us bearish bias.
For intraday trading, consider a falling parallel channel.
Broken horizontal level and its trend line form a local resistance area from where I would look for shorting opportunities.
Next goal for sellers is 1690 level - next daily support.
For now, prioritize only selling.
Good luck!
Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
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.