The price action on both the higher time frames and the 1 hour chart speak of a possible sell off once London opens up. Small and well defined corrective structures on the 1 hour chart like this often are followed by a strong move once the order flow and liquidity re-enters the market. Let's see if it manifests.
1.65 is a good initial target area and if that level folds 1.6430 would be up next, followed by 1.6350.
1.65 is a good initial target area and if that level folds 1.6430 would be up next, followed by 1.6350.
Trade active
Trade closed: target reached
First target hit.Trade closed manually
Remaining position closed at break even.
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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.