In addition to the prior high, the 10 - week moving average is also acting as resistance — remember that former support levels become new resistance after the support is broken. (morpheustrading.com)
This trade is still in progress, but an entry short from the retest of former support would have netted you more than 500 pips. (dailypriceaction.com)
clear on 4h chart) which signals a loss of bearish steam, and since the breakdown of the last rectangle consolidation and the multiyear uptrendline, we never had a full retest both former supports as resistances, also the price was around 500pips far from the weekly ema thus i was expecting a mean reversion to 109 area soon... (dailypriceaction.com)