After the formation of the Head and shoulder price has drop nicely and appears to have gained a short term support. However prices are on the move to a confluence zone where we have a falling trendline intersecting a horizontal resistance level at around 0.85 and 0.854.
We will be waiting for a possible 2 base case scenarios and act accordingly based on the information of price action that will be generated at this confluence zone. A daily close above the confluence level will probably trigger a move up.
Alternatively, a bearish price action around the confluence zone will put the bears in charge.
Happy trading
We will be waiting for a possible 2 base case scenarios and act accordingly based on the information of price action that will be generated at this confluence zone. A daily close above the confluence level will probably trigger a move up.
Alternatively, a bearish price action around the confluence zone will put the bears in charge.
Happy trading
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。