Possible Pull-back for a sell continuation
Price broke out from the 121.77 level after some balanced price action between supply and demand. The breakout to the downside clearly indicates that there are more willing sellers than buyers at that price level. I expect market to pull back to this price level for an entry to sell the pair. There is a wide profit margin all the way down to119.7 giving me a low risk high reward and high probability scenario.
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