Strucutre is an extremely critical state. Take a looking from a monthly perspective, we can see that the 0.7000-0.7100 handle has been an extremely tough area to break for the bears. With this, it's understandble to see why the banks are looking buy within this region. With this being said, sells and buys are warranted as short term with moderate to higher risk associated to the trades. Full analysis on this pair can be found on The Exchange. What do you legends think?
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The Exchange
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The Exchange
The exchange will provide you with continuous information, via multiple daily technical and fundamental market updates from NY and London FX sessions, designed to add dimension and breadth to your trading.
Join Today: thatfxtrader.com/the-exchange
Note
No change within structure.Note
Moving as expected.Note
False Break On The Daily. Daily Break To Switch Momentum Legends.Note
Target Reached.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.
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.