So,
Crazy rally on this pair this morning.
Price is approaching a clear resistance level.
We will wait for price rejection of that area (solid 1hr bearish close), and then look for shorts - DO NOT SELL INTO A BULL RUN!
Crazy rally on this pair this morning.
Price is approaching a clear resistance level.
We will wait for price rejection of that area (solid 1hr bearish close), and then look for shorts - DO NOT SELL INTO A BULL RUN!
Trade closed: stop reached:
So as per the above, we only had a small position on this and got stopped out for 28 pip loss
But still being cautious as not enough momentum downward to confirm trade yet