Morning Traders!
Last week price broke a major H1 support level and a bullish trend line with a nice bearish impulse. It looks like price has found resistance at another H1 major support (149,100 aprox).
Price has testesd that support level and seems to be bouncing from there.
I'm expecting the price to reach the next resistance level (arround 150,000) that coincides with the 50% fibbo level of the last bearish impulse.
So today I am looking for buys in a M15 timeframe, unless the price breakes the H1 major support level (149,100 aprox), in which case i will wait and look for the next support.
Good Trading Traders!
Last week price broke a major H1 support level and a bullish trend line with a nice bearish impulse. It looks like price has found resistance at another H1 major support (149,100 aprox).
Price has testesd that support level and seems to be bouncing from there.
I'm expecting the price to reach the next resistance level (arround 150,000) that coincides with the 50% fibbo level of the last bearish impulse.
So today I am looking for buys in a M15 timeframe, unless the price breakes the H1 major support level (149,100 aprox), in which case i will wait and look for the next support.
Good Trading Traders!
Comment:
Waiting for the break out of this weak M15 resistance level.
Comment:
Resistance breaked too hard, couldn't get in.