Bearish inside bar might be potentially formed at the area of long-term resistance 1610.88-1612.49. If today’s session is closed this way, traders will get a solid sell signal for tomorrow.
However we have to note that such scenario is in big question due to renewal of the high during yesterday’s session.
As we type this report it’s still unclear whether buyers will be able to close current hourly bar with bullish pin. In such case the structure would retain its bullish status with chances to break the last high (black arrow).
Key support zone now is 1602.00-1603.50: its break would confirm weakness of buyers triggering reversal of local uptrend to the downside (red arrow).
Main scenario: Break of 1612.49 and growth to 1620.00-1625.00.
Alternative scenario: Forming of bearish inside bar (i.e trading inside yesterday’s range 1599.10-1612.45).
Seeking for confirming signals for either scenario on H1-chart.
We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]
Dear Traders, Make sure to receive $100 on your trading accounts only from the 20th to the 28th of August! No Deposit Bonus 100 USD is the best way to start trading and test all of the Company’s products! GET BONUS The bonus features: Withdrawal of up to 100 USD 75 lots of trading turnover […]