- Price is currently in this zone, it is near the monthly resistance and it seems to be losing momentum and unable to reach the monthly level.
- Price is around the pinkish zone which also seems to be a pretty reliable zone.
- Price broke the intraday trendline which also shows that it is losing its momentum.
- However, there is no trade yet, we would need better price action to see that it will go down, or perhaps it is just retracing to go to the upside again and test the monthly level.
This is part of my watchlist going into next week!
- Price is around the pinkish zone which also seems to be a pretty reliable zone.
- Price broke the intraday trendline which also shows that it is losing its momentum.
- However, there is no trade yet, we would need better price action to see that it will go down, or perhaps it is just retracing to go to the upside again and test the monthly level.
This is part of my watchlist going into next week!