We can see the high amount of rejection from 1.3400 key level. The only thing stopping the swing trade to the upside is the at the fib.
We can short from here back to the downside with the trade if we get rejection price action. However if the pair breaks for the reasons highlighted in the chart we could be in for a nice long trade.
Once the pair give us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart helpful furthermore, I hope it brings value to your trading.
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Alpha Trading Group.