Price extended, potential retracement
Updated
Analysis: Price can be seen as extended can we can look to trade against the current trend. Since price is not over extended, risk adverse participants should only initiate a smaller position.
Short opportunity: Short at market reopening towards 0.98355 as Take Profit - 1 level
Short opportunity: Short at market reopening towards 0.98355 as Take Profit - 1 level
Note
TP1 reached. TP2 at 0.97564Trade closed: target reached
Trade closed fully at TP3.
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