There is high possibility that the trend direction will change.
Firstly the previous time the sellers could not take further action because of the high volume of buyers(big boy) which possessed the price that we are currently in now. This suggests that the market would act same as before. Secondly the reason why makes this zone interesting, there have been multiple touches which makes it strong and stupendous for another position. The genial plan is once the price passes above the resistance line making a clear re-test; We can consider a long position once hits the T/P you can hold until the price goes over the new resistance zone we can be interested to take another trade total pips 80-87
Firstly the previous time the sellers could not take further action because of the high volume of buyers(big boy) which possessed the price that we are currently in now. This suggests that the market would act same as before. Secondly the reason why makes this zone interesting, there have been multiple touches which makes it strong and stupendous for another position. The genial plan is once the price passes above the resistance line making a clear re-test; We can consider a long position once hits the T/P you can hold until the price goes over the new resistance zone we can be interested to take another trade total pips 80-87
Trade closed: target reached