The pair had a false breakout and managed to recover above the uptrend line. There was a weird weakness on USD on other pairs when that happened. 1.317 area is a strong resistance which confluences with .786 FIB retracement.
I look to enter short when the price falls below the trendline.
SL @ 1.318
TP1: .618 retracement @ 1.3135
TP2: .382 retracement @ 1.309
I look to enter short when the price falls below the trendline.
SL @ 1.318
TP1: .618 retracement @ 1.3135
TP2: .382 retracement @ 1.309
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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.