Extended on daily time frame, potential short
Updated
Analysis: Price can be seen as extended on the daily time frame as price closed higher for consecutive days. As such, we expect a retracement to be due soon with the minor support level as initial target.
Short opportunity: Short at market reopening as High Risk trade towards 105.586 as Take Profit - 1 level.
Short opportunity: Short at market reopening as High Risk trade towards 105.586 as Take Profit - 1 level.
Note
Initial target reached earlier. Final target as below
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