FRA40 at Key Resistance - Is a Pullback Imminent?

24 Oca

FRA40 has reached a significant resistance level. Price has made a strong bullish move into this region, but the market structure suggests the possibility of a reversal due to potential exhaustion of buying momentum.

This setup aligns with the idea of trend exhaustion near resistance. A rejection from this zone could provide a short-term bearish opportunity targeting the 7,775 level, which represents a logical target within the current market structure.

Traders should monitor price action closely for confirmation signals before entering trades. Let me know your thoughts or if you have additional insights to share!

24 Oca

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