Simple rationale for this one: after making a false break above a strong weekly resistance level that goes back 2022, there is a strong probability that price will react and go down to at least the 1.906 level, which is where most of the volume along the last few days was concentrated.
Trade closed: stop reached
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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.