https://getknowtrading.com/intraday-...-july-16-2020/
The price reached new highs on yesterday's trading session when the London and New York trading sessions were active.
New high at $1.1451 is reached, but the price did not stay too long.
At that price we can see indecision candle which is broken with strong bearish candle.
The indecision candle is on the uptrend channel breakout and the market has decided to bring the price back inside the channel.
The price has stopped at the previous resistance at $1.14000 which is now support.
Will it hold the price until buyers step in and sellers step out? We should wait and see.
The price reached new highs on yesterday's trading session when the London and New York trading sessions were active.
New high at $1.1451 is reached, but the price did not stay too long.
At that price we can see indecision candle which is broken with strong bearish candle.
The indecision candle is on the uptrend channel breakout and the market has decided to bring the price back inside the channel.
The price has stopped at the previous resistance at $1.14000 which is now support.
Will it hold the price until buyers step in and sellers step out? We should wait and see.