Price has broken out of the trend line and it is acting as a new resistance level to the current price. I would suggest to place a sell stop at the resistance level and take profit at the support level. The resistance level is quite strong as both the trend line and resistance crosses. Please forgive me if theres any wrong in my analysis or any wrong use of words as I just started Forex not long ago. Happy Trading!
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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.