1. Multiple rejection wicks to the upside at current price (price is failing to break above previous support which was broken.)
2.If price fails to close above 1.32100 on the daily chart, we have reason to sell as the previous support will be the new resistance.
3. Expecting price to drop lower to 1.31400, which is our next support level, also being our profit target.
4. You don't need fancy indicators Keep it simple.
2.If price fails to close above 1.32100 on the daily chart, we have reason to sell as the previous support will be the new resistance.
3. Expecting price to drop lower to 1.31400, which is our next support level, also being our profit target.
4. You don't need fancy indicators Keep it simple.