Price recently broke out higher in this pair through the daily chart resistance inline with the strong recent trend higher.
As the daily chart shows; price is now making a retracement back lower.
If price can move back into the old resistance level we could look for it to act as a new potential price flip level.
This could also be a solid level to look for potential higher time frame long trade setups
As the daily chart shows; price is now making a retracement back lower.
If price can move back into the old resistance level we could look for it to act as a new potential price flip level.
This could also be a solid level to look for potential higher time frame long trade setups
