Price has reached an area that has held as resistance since 2016. The RSI is just inside the overbought area. Price touched the recent high and it looks as sellers are taking over. Enter around 1.63102 stop at 1.64022 target 1.58921 Happy trading
@UnoBae, I love trading off strong levels of support and resistance. however this is just the first day, it will be interesting to see how the next few days play out. ill be posting more often, add me to the people you follow if you want to see what i find in the future.
happy trading
UnknownUnicorn493766
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I would just be cautious with this one i think that Low test candle (31ST) was the market testing the S/R level for a move higher now?
Maveric12
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@gremic, agree, but it has been a sold area of resistance as far back as 2010. I think its a good trade but remain cautious and took a smaller position than normal