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Price is in an upward channel but has reached a higher‑timeframe resistance zone at the top of the channel, where sellers may step in. The idea is to start looking for short trades around this area, targeting a move back down within the channel or toward support.
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Price is in an upward channel but has reached a higher‑timeframe resistance zone at the top of the channel, where sellers may step in. The idea is to start looking for short trades around this area, targeting a move back down within the channel or toward support.
Don’t forget to like and share your thoughts in the comments! ❤️
Note
USD is hitting strong overall resistance in a bearish setup, with a horizontal zone signaling potential downside. Look for shorts here, targeting lower support or a breakdown.
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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.
Related publications
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.