Reversal pattern being formed here as price made a false breakout of key level support at the 0.70000 region. Will watch price to rebound off the neckline to create a right shoulder where I will look to take an entry with a great Risk/Reward ratio setup.
Comment:
Daily timeframe: Price failed to break support for the past 2 days, & today has formed a doji candlestick at support, where a reversal can occur.
Trade closed: target reached