Rejecting off a Key level on the Weekly Time frame. Wait for a 4hr candle (possible MA cross over) to finish outside of the uptrend before going Shorting. If you want to play it safe I would recommend a break and retest on 1.825. Targets would be betwen 200-250 pips
Note
4HR Break has happened. just waiting for a 4HR rejection candle to close before Shorting. MA's have crossed on the 4hr chart so we may see this going to plan. Patience is key.Note
Inavlid setup, No retest no entryOrder cancelled
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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.