if you look at CHART on the circle where the heart is, you will notice there is also a buyers trap because it wicked back 40 pips that was the highest point the market went recently.
then you can see the next 2 days it came up and it never hit that highest point again. then it got exhausted at 148.984 and it just dropped.
it has been a lot of sellers at the current level in the past to. and you must remember the market repeats it self so we do not trade the future we trade the past.
Market looks it can drop from here considering the bears look like they are in control. 146.988 is take profit
then you can see the next 2 days it came up and it never hit that highest point again. then it got exhausted at 148.984 and it just dropped.
it has been a lot of sellers at the current level in the past to. and you must remember the market repeats it self so we do not trade the future we trade the past.
Market looks it can drop from here considering the bears look like they are in control. 146.988 is take profit
Trade closed: target reached
MRXAU