This is such a CHOP. Trade from the edges of the support and resistance zones and avoid the middle. There is resistance above the consolidation zone (1.125xx - 1.128xx). The top (down channel) line will also act as resistance.
Support is at the down channel low as well as between (1.112xx - 1.114xx) where the market has bounced several times.
However expect these support/resistance zones to be probed and broken as the market is simply chopping sideways with no clear short term direction.
Support is at the down channel low as well as between (1.112xx - 1.114xx) where the market has bounced several times.
However expect these support/resistance zones to be probed and broken as the market is simply chopping sideways with no clear short term direction.
I may trade all, some or none of the ideas posted. All of my contributions are for educational purposes only. 'TRADE What You SEE'' and all the best!
