CONSOLIDATION BOUNCE
Updated
The Bearish sentiment is over look for buys on the pair. There was clear rejection off Monthly support levels and market structure breaks on 2 occassion and a failed attempt to break below consolidation with rejection. I was long prior to the bounce off consolitdation at Entry: 1.4820 with a T:1.5229 based on pure price action. I will also add to the position if price pulls back to the 1.4875 level
Good luck and good trading.
Good luck and good trading.
Note
As mentioned price has pulled back into 1.4875 level at or near London Close good reversal based on time and price theory. Added to position 1.4875 with a 45 pip stop.
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