We are currently around a nice resistance zone with multiple confluences suggesting that we have more downside in sight. I believe that this is the perfect level for a reversal and a big sell off all the way to 121.20.
Before this happens I believe there could be a little bit more upside possible with a further wick rejection.
Overall this is roughly a 350 Pip move with multiple take profits so good luck :)
Before this happens I believe there could be a little bit more upside possible with a further wick rejection.
Overall this is roughly a 350 Pip move with multiple take profits so good luck :)
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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.