Price has shown a reaction from the low around 3,245 and is now approaching a strong confluence zone around the DAILY FLIP, which acted as prior support AND now resistance. This zone coincides with the upper boundary of the descending channel.
Bias: Bearish, unless price breaks above 3,305 with strong momentum and closes outside the descending channel.
TRADE IDEA:
SELL from 3,295–3,300 (wait for bearish confirmation)
once activated, I will update SL and TP
Let me know what your opinion.
Bias: Bearish, unless price breaks above 3,305 with strong momentum and closes outside the descending channel.
TRADE IDEA:
SELL from 3,295–3,300 (wait for bearish confirmation)
once activated, I will update SL and TP
Let me know what your opinion.
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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.