Traders, similar to EU. Boxed area between 1.2514 and 1.2445. Resistance at 1.2588. Broke out of "box"(lower resistance). Break out/retest for higher? "Fakeout" to soak up lower liquidity before bounce? Continuation lower? Watch price action.
DIONNG
DIONNG
Note
Traders, after a 07:00 candle rejection(and 02:00 previous rejection), price broke out of the lower boxed area. There was a 15M retest and drop after that. Break out and retest traders win here. Risk was 17-20 pips(above the structure) and profit targets from 25-35 pips ok. Anyone catch this?DIONNG
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.
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.