Quick and simple analysis. Wait for rejection of the support before going long. Multiple rejections will indicate a reversal and an uptrend.
If support breaks and then retested-close out position. Keep stop loss at 30 pips below support.
If support breaks and then retested-close out position. Keep stop loss at 30 pips below support.
Note
SHORT!!! Fundamentals have been released and now short to support zone.
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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.