The pair has just been rejected for the 3rd time since April 22nd on the 1.12650 4H Resistance. Despite still being bullish (though on some neutral bias such as STOCH = 52.12, ADX = 22.367, Highs/Lows: 0.0000), the price may establish this as a Triple Top rejection pattern. Our TP is 1.11800. If the 4H Resistance breaks, we will add a last short on the 1.13250 1D Resistance. Keep in mind that the pair is on a long term bearish trend within the 1W/ 1M Channel Down and every Lower High should be sold.
We encourage investors to use those wider time frames (1M, 1W Channel Down) in identifying entries/ exits as they have been very consistent for us for the past 3 months:
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We encourage investors to use those wider time frames (1M, 1W Channel Down) in identifying entries/ exits as they have been very consistent for us for the past 3 months:
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial