Will Old Support Hold as New Resistance?
In yesterday's ideas we discussed the momentum building lower in this pair for a potential breakout.
Now price has broken lower it could open the way for further short trades.
If price rotates higher back into the old breakout support level it could be a solid level to hunt bearish price action trigger signals.
Now price has broken lower it could open the way for further short trades.
If price rotates higher back into the old breakout support level it could be a solid level to hunt bearish price action trigger signals.
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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.