Possible retracement back up. Will observe the 1H timeframe to see when does the next 1H candlestick closes before determining my course of action.
1. If price closes below 1.31259, possible that price will continue its downtrend all the way to the channel's resistance.
2. If price closes above 1.31674, possible that it is a reversal, will go long and target the daily resistance
1. If price closes below 1.31259, possible that price will continue its downtrend all the way to the channel's resistance.
2. If price closes above 1.31674, possible that it is a reversal, will go long and target the daily resistance
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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.