In a weekly and daily downtrend. Price mitigated from an institutional area this morning and has been going down since, creating support levels and breaking through them to the downside promptly. I believe we are going to see price go below the 1.27200 support level on a larger timeframe. It lines up with the bearish price action on larger timeframes, and i'm willing to bet that there's a lot of stop losses sitting in that area.
Trade closed: target reached
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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.