Testing Key Intraday Support
Price in this market is now moving back lower to test the intraday support level.
As the 4 hour chart shows; this level has in recent times held as both a support and resistance.
If we can see some bullish rejection on the 4 hour time frames and below it could be a signal to look for long trades.
Price has been moving higher on the smaller time frames and a short sharp intraday trade higher would be with this momentum.
As the 4 hour chart shows; this level has in recent times held as both a support and resistance.
If we can see some bullish rejection on the 4 hour time frames and below it could be a signal to look for long trades.
Price has been moving higher on the smaller time frames and a short sharp intraday trade higher would be with this momentum.
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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.