Since the previous idea, the price broke through the descending trendline to perform a double top with the 1930 resistance from the 12/10/20.
The price market came back down to retest the the trendline as a dynamic support now.
There's already a sign of rejection on 1hr timeframe however we'll need to wait throughout the london and ny sessions for better confirmation.
This time I've also added the resistance which turned support from the previous 3 peaks.
Let me know what you think :)
The price market came back down to retest the the trendline as a dynamic support now.
There's already a sign of rejection on 1hr timeframe however we'll need to wait throughout the london and ny sessions for better confirmation.
This time I've also added the resistance which turned support from the previous 3 peaks.
Let me know what you think :)
Order cancelled:
The trade was cancelled as there wasn't any strong bullish confirmation.
We had a heads and shoulder forming and the neckline's break brought the price back to the 1900's.
We had a heads and shoulder forming and the neckline's break brought the price back to the 1900's.
