Looking back at the daily time frame, price broke below a daily level of support and is now coming back to retest this level as resistance.
We have already seen the rejection from this level, so we'd wait for price to form a lower high before we take short positions.
Targets remain at the previous low that price created.
We have already seen the rejection from this level, so we'd wait for price to form a lower high before we take short positions.
Targets remain at the previous low that price created.
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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.