Hello
I hope you have used and benefited from the previous analysis.
The price is moving again towards the resistance of 1796 and we expect it to be rejected after meeting this level and directed towards the support of 1784.
I hope you have used and benefited from the previous analysis.
The price is moving again towards the resistance of 1796 and we expect it to be rejected after meeting this level and directed towards the support of 1784.
Note
In the 5m time frame, we have a beautiful descending parallel channel. As long as the price is in this channel, it will be a gentle downward trend. If it breaks from the bottom, the downward trend will accelerate. But if it is broken from above, the price will quickly move towards 1798 and we should close our sell positions and wait for a better opportunity to sell.
Everything is fine now. :)
Trade closed: target reached
TP hit! +130 pips! Enjoy guys
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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.