Price in this market has recently formed a lower high and is looking to sell off lower into the next daily chart support level.
As the daily chart shows; this level has been important in recent times as it has acted as both a swing low support level and also a recent price flip resistance level.
If price can move into this level in the next few sessions we can start watching for new bullish price action clues.
If we can see some form of rejection at this level we could start to look for potential long trades
As the daily chart shows; this level has been important in recent times as it has acted as both a swing low support level and also a recent price flip resistance level.
If price can move into this level in the next few sessions we can start watching for new bullish price action clues.
If we can see some form of rejection at this level we could start to look for potential long trades
