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PAIR AT KEY TRENDLINE RESISTANCE
These are the 2 possible scenarios that can play out, as expected. The likely one is dependent technically on if you see any rally that suggests a predominant move. But just know that there are "many buyers" lurking around this pair since the last massive swing upside. So, if you sell, keep an eye!
Do not take any position until you have seen a good setup that aligns with your bias, buy or sell. Preferrably, sell below the resistance or buy above it, if it breaks it and makes it a good support.
Kindly manage your risk and money well and obey your trading rules and plans.
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all. Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can not afford to lose.
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.
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.