After a strong break of structure, the price has been trapped in the compression zone. Also today the price is rejected by the resistance level of 128. The probability of a negative candle is more than 65%. For Intraday the level of 128 and 124 is important for trade decisions.
Intraday 5m | Trend Negative
https://www.tradingview.com/x/gH9TVNz7/
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Intraday 5m | Trend Negative
https://www.tradingview.com/x/gH9TVNz7/
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
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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.
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.