Rule one of Forex analysis: Look left.
Price is retesting this pivot area that has acted as past support and now resistance. I expect price to drop down to the next level.
Indicators:
1. Strong daily resistance.
2. RSI in sell zone on daily.
3. Bull candlestick exhaustion.
Good luck and let me know if I can help in any way.
Charles V
CVFX Management
Trading made Simple
Jan 2021: 14%
Price is retesting this pivot area that has acted as past support and now resistance. I expect price to drop down to the next level.
Indicators:
1. Strong daily resistance.
2. RSI in sell zone on daily.
3. Bull candlestick exhaustion.
Good luck and let me know if I can help in any way.
Charles V
CVFX Management
Trading made Simple
Jan 2021: 14%