Friday's daily candle was nicely rejected from the confluence zone based
on a resistance line of a major falling parallel channel and a horizontal supply cluster.
I will be bearish on the pair till the price is trading below/within the underlined area.
From that, I will expect a trend-following movement.
If you are bullish, I would suggest waiting for a bullish breakout of the blue area first.
Only then consider buying on a retest.
Good luck next week, traders!
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.