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REJECTION AT KEY RESISTANCE
The upper area marked with green rectangle is a key resistance zone from history. When tested, price often
reacts to it and needs to break it upside to keep rising. Currently price has tested it 2ce and has been rejected.
SUPPLY ZONE
The upper area marked with green rectangle is a key supply zone from history. When tested, sellers rush in to push
price down. Price has tested it 2ce and has been rejected.
KEY FIBONACCI LEVEL
The upper area marked with green rectangle is a key Fibonacci level (50%) from the recently swing high and low on
D1 chart. This level is often a good retracement level to watch if price gets rejected and can cause more selloffs.
Remember that nothing is fixed. So, stay very safe and apply your rules/plans well.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
REJECTION AT KEY RESISTANCE
The upper area marked with green rectangle is a key resistance zone from history. When tested, price often
reacts to it and needs to break it upside to keep rising. Currently price has tested it 2ce and has been rejected.
SUPPLY ZONE
The upper area marked with green rectangle is a key supply zone from history. When tested, sellers rush in to push
price down. Price has tested it 2ce and has been rejected.
KEY FIBONACCI LEVEL
The upper area marked with green rectangle is a key Fibonacci level (50%) from the recently swing high and low on
D1 chart. This level is often a good retracement level to watch if price gets rejected and can cause more selloffs.
Remember that nothing is fixed. So, stay very safe and apply your rules/plans well.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.