Hello pro's, Here we have a typical suport (A) & resistance (B) pattern. I suggest you to chose your team depending on this guidance:
If zone A gets broken, wait for a candlestick pattern for confirmation then enter into the buy transaction. Same goes under zone B: If price breaks it, it will surely retest it then wait the pattern confirmation. In my opinion this scenario is happening and i like to go with the price. Just go with the flow. Tomorrow there are some important news on forex calendar so i'll drop em here. (thank me later)
First : 9:15am EUR
French Flash Services PMI
Second : 9:30am EUR
German Flash Manufacturing PMI
Third: 10:00am EUR
German ifo Business Climate
Conclusion: All 3 news have forecasts that are lower then previous sesion so we should expect a price drop of DAX index to zone C.
Remember, this is not the buttom, so in a 3th case, a double top / forming tripple top is forming. If your analyse match mine, or atleast you embrace this type of analyse drop a like or a comment. Feel free to show me your charts.
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