Hi Traders. In the previous several analysis I talked about buying opportunities as price broke above the minor resistance structure at 139, then I mentioned we're looking to target 142. Everything has been into our favour so far.
But do not forget, when price had multiple rejections at 144, followed by strong reversal downwards, things have shifted to Bearish from a short to mid-term perspectives.
That's also the main reason why I said we could probably expect some selling pressure at 142.
As now Price Action has again turned Bearish, let's see if it rejects some of the minor resistance like 140 or 140.60.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
But do not forget, when price had multiple rejections at 144, followed by strong reversal downwards, things have shifted to Bearish from a short to mid-term perspectives.
That's also the main reason why I said we could probably expect some selling pressure at 142.
As now Price Action has again turned Bearish, let's see if it rejects some of the minor resistance like 140 or 140.60.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
