Downward pressure seems strong but 1.205 can retest as a resistance level, or next support level test at 1.128.
Targets if I were on either side of the trade.
Let's wait and see.
Targets if I were on either side of the trade.
Let's wait and see.
Trade closed: target reached
Clearly there was a liquidity pool at the 1.128 level and the price moved there conveniently to trap both longs and shorts. Crazy stuff going on.It's all shorts vs longs now, the weak hands will lose.
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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.