As we can see the yellow line on the chart is acting as a support line for the price, The market easily broke it and enter in a new trading zone where this support line will act as resistance. As after breakout, this market having some rules for the next move. we can see the retesting of the price to the same level is the indication of start of selling this pair. so from the yellow line we can easily enter as sell.
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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.