The idea of a downside move is still there. The 1785 support is also still valid.
We are expecting a breakout of this support so we can then get involved into a short positions targeting 1748.
Entries before that are considered risky!
A breakout means price closing below the level - in this case even below the wicks that have tested this level multiple times.
That would mean bears are taking over and they will gain momentum.
If price goes above 1804 then that will slow down this move.
We are expecting a breakout of this support so we can then get involved into a short positions targeting 1748.
Entries before that are considered risky!
A breakout means price closing below the level - in this case even below the wicks that have tested this level multiple times.
That would mean bears are taking over and they will gain momentum.
If price goes above 1804 then that will slow down this move.
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Related publications
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.