False breakout likely
Updated
Analysis: Price has broken through the key resistance region. However, it can be seen as extended on the weekly timeframe as such we can view this break out likely to be false and expect price to retrace and potentially reverse.
Short opportunity: Short at market reopening as High Risk trade towards 1.50253 as Take Profit - 1 level.
Short opportunity: Short at market reopening as High Risk trade towards 1.50253 as Take Profit - 1 level.
Trade active
Initial target reached. TP2 indicated to close fully
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