Good day, traders!
Before deciding to go short when the support at the 1.05163 zone turns into resistance, we will be looking at the 1.06336 zone for signs of bullish momentum. If it fails, we will wait for another position at the 1.05163 zone and give it another shot.
You'll see that I'm looking at the chart from the weekly timeframe, and the lower timeframe may have a lot of up and down movement.
Remember: admission requires confirmation.
For more setup, like and follow.
Before deciding to go short when the support at the 1.05163 zone turns into resistance, we will be looking at the 1.06336 zone for signs of bullish momentum. If it fails, we will wait for another position at the 1.05163 zone and give it another shot.
You'll see that I'm looking at the chart from the weekly timeframe, and the lower timeframe may have a lot of up and down movement.
Remember: admission requires confirmation.
For more setup, like and follow.