XBRUSD, H4
In the H4 time frame, the XBRUSD follows a downtrend and faces the 80.50 resistance level. Further scenarios include.
- If the price breaks above the 80.50 level, it will likely rise to the 82.60 resistance.
- However, if the XBRUSD bounces off the resistance zone, it may trigger a decline to 77.00.
Conclusion
In conclusion, trading CFDs carries inherent risks. Success in this field demands effective risk management. To minimize costly errors and capitalize on trading opportunities, it's crucial to conduct thorough due diligence and manage risks diligently.
