- Previous HL has been broken to create a LL
- Break and retest entry
- Now acting as resistance
- Price tried multiple of times to break 1.37000 but could not
- 1.37000 fresh level as it was support back in 2018 now acting as resistance
- Looking for a few rejection candles from 1.36100 level then a big drop
- Main target will be 1.32000
- Break and retest entry
- Now acting as resistance
- Price tried multiple of times to break 1.37000 but could not
- 1.37000 fresh level as it was support back in 2018 now acting as resistance
- Looking for a few rejection candles from 1.36100 level then a big drop
- Main target will be 1.32000
Trade active:
- 1.32000 looks a bit optimistic
- New target of 1.33000
- New target of 1.33000
Comment:
- First target can be 1.35000
Trade closed: stop reached