Strong ressistance or possible upport line
The red line is strong resistance. However we see that trend line was broken. Thereby I would way for the confirmation of the trend - retest from the red line either to the down side of upside.
https://www.tradingview.com/chart/jhGs8Htm/
Here I described the possible scenario.
I am making this analysis first of all for learning purpose (as I am newbie in trading) and encourage people to do their own reasearch. Also, I will be happy for comments if I made mistakes.
https://www.tradingview.com/chart/jhGs8Htm/
Here I described the possible scenario.
- If price wil get lower than the highest low -> SHORT
- If price breaks the resistance leve and retests -> LONG
I am making this analysis first of all for learning purpose (as I am newbie in trading) and encourage people to do their own reasearch. Also, I will be happy for comments if I made mistakes.