In recent times in this market price has been making a series of lower highs on the daily chart.
Whilst the short-term momentum is lower, price has been running into the daily chart support and as yet has not been able to break it
This level looks crucial for where price makes its next solid move.
If we can get a clear break lower below this level with the recent momentum in the next few sessions it could pave the way for a new leg lower. It could also open the way for potential short trades.
Whilst the short-term momentum is lower, price has been running into the daily chart support and as yet has not been able to break it
This level looks crucial for where price makes its next solid move.
If we can get a clear break lower below this level with the recent momentum in the next few sessions it could pave the way for a new leg lower. It could also open the way for potential short trades.