Watching for Pullback Into Resistance
Price has now sold off heavily and broken through the key daily chart support level in this pair.
This old breakout support level looks like a key level in this pair.
If we can get a quick rotation back higher close to this level we could start to look for short trades inline with the recent momentum lower.
Short trades could be hunted on both the daily and smaller intraday time frames and depending on how aggressive you are you could look for confirmation or take a touch trade entry.
This old breakout support level looks like a key level in this pair.
If we can get a quick rotation back higher close to this level we could start to look for short trades inline with the recent momentum lower.
Short trades could be hunted on both the daily and smaller intraday time frames and depending on how aggressive you are you could look for confirmation or take a touch trade entry.
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