Price reacted to a local resistance level. I entered for a bounce and maybe for a swing. The first target is at demand level below.
That should interest you
My 1-, 2-, and 3-day baselines are all bearish and price has apparently been rejected at my 24-hour temporal resistance level. So, I’ll be watching to see if the U.S. dollar-Loonie manages to reach my take-profit target.
A currency pair that has recently decelerated its movement compared to the previous trend period. Due to several unsuccessful attempts to break through the resistance, we expect a further decline. In the second image I showed the D1 interval which shows the possible…