Price reacted recently to important daily resistance area and new supply was formed. I entered short after reaction to resistance level on LTF
That should interest you
EURUSD H1 gave a positive signal to increases. After breaking the resistance, we waited for a strong break in the level, but the currency pair had a problem and rebounded between the marked line several times. Consolidation caused local resistance. At the moment…
Last Friday, EURUSD closed below a critical level at 1.2150.
That area turned to support following the December 16th close above it.
However, Friday’s close below 1.2150 flipped it to resistance once more.
You can see how the EURUSD is struggling to get back…