After that huge rejection candle marked on the rectangle the price action has been a bit choppy for a few days having retested the resistance area twice. After yesterdays bearish engulfing candle today the pair has broken the support and I expect it to reach the 1.605 area (support not retested in the uptrend movement)
This is how I have played this trade (already active) :
The pair broke that minor area of support (thick blue line) and it restested it, I entered after that little rejection candle marked with an arrow.
This is how I have played this trade (already active) :
The pair broke that minor area of support (thick blue line) and it restested it, I entered after that little rejection candle marked with an arrow.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.