At Major resistance.
Breakdown channel forming.
Third rally completed.
High R/R probability.
Great spot to catch a possible retrace back for more buyers. Major downtrend channel line has been broken upward so be careful for bullish pressure.
First and second target is shown but they could go down to ~1.2550 if they oversell.
Breakdown channel forming.
Third rally completed.
High R/R probability.
Great spot to catch a possible retrace back for more buyers. Major downtrend channel line has been broken upward so be careful for bullish pressure.
First and second target is shown but they could go down to ~1.2550 if they oversell.
Trade closed: target reached
First target did get hit and we got a violent reaction. Seems like resistance is still holding down price but has broken through.
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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.