Eur/Usd pullback trading opportunity at major resistance?
Context:
Price broke out of a minor range and the retest of thet broken resistance at 12900 held
and turned support for now , any higher low near that level will reveal itself a opportunity
to go long and test the major resistance of 14520 again . however as we trade near a major resistance level
one should be quick by scratching any longs , a good short opportunity may arise at resistance.
Signs of strength:
Breakout
pullback turned resistance to support
Signs Of weakness:
rejection near major resistance
Support:
12900
12450
12000
Resistance:
13600
14000
14520
www.invezted.com
Price broke out of a minor range and the retest of thet broken resistance at 12900 held
and turned support for now , any higher low near that level will reveal itself a opportunity
to go long and test the major resistance of 14520 again . however as we trade near a major resistance level
one should be quick by scratching any longs , a good short opportunity may arise at resistance.
Signs of strength:
Breakout
pullback turned resistance to support
Signs Of weakness:
rejection near major resistance
Support:
12900
12450
12000
Resistance:
13600
14000
14520
www.invezted.com
