We are in a downtrend but this pair loves to retrace back to a level of support or resistance until it has enough momentum to push through support. Since this support line was a key level and had a hard time breaking through the only other choice it has is to retest resistance. It has created a higher low and there are several wicks on the candles showing indecision. It has crossed the 200 and 50 ema on the 15 minute chart as well.
This is buy and we will reassess the charts once we reach this zone.
This is buy and we will reassess the charts once we reach this zone.
Trade closed: target reached
Tp hit! Hope everyone was able to catch this
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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.