Price is still bullish. however, it is too expensive to buy. so it has to return to a discount area of value. and where is the first one? The mitigation zone around the 1.08642 price level. why? because there was a failure swing and price pushed upwards. SO most likely it will return to the zone before proceeding further up.
Trade Smart.
Trade Smart.
Note
Once we close below 1.08926, that means that the pair has turned bearish. and we shall be looking for sell opportunities next week with Mon-wed forming the high of the week.Our target area shall be the 1.07790 Zone
Trade closed manually
Trade closed: target reached
Closing All my positions and waiting to see how price will react from the area of interest. I want to see it run down again before a further move.
Thank you and Cheers
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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.