On this chart, I have marked where that point is. Should PA break that point, then all bet are off and must wait to see what will happen next. IN my original post on this pair, I noted that if prices did fill that , that would be a nice place to take long positions. That assumption still holds. As well as the assumption that there will be a move up at some point much before there will be any significant move down.
Year-to-date Profits: +5,794 pips.
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