Looking at the weekly chart, you can see price broke through a HL at the 1.2830 level. Price then pulled back into the bullish weekly candle that created the move down. Missing this opportunity to go short i waited for price to again close below the 1.2830 level, I will probably wait for mondays or tuesday high before shorting. i don't believe price will move back up to the 1.2830 level till some targets are hit.
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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.