Price action reigning supreme here for the dollar. We can take a low risk to a higher reward here given the immediate support level broken along with a daily extension. Our next area of support should be the .333 of the given channel extension retest for a possible reversal. At least giving us a nice and clean 1:5 risk to reward swing trade.
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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.