Martinspoon

Past Level of Support acting as Level of Resistance?

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar

If the past level of support marked on the chart turns into a resistance level, and hold its ground, the marked trade on the chart may be a good rocker to the down side. Stop is marked by red line, Entry by green line and target by Light Green line.

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.