- failed to created a new lower low -possible inverted head and shoulders -where market makes head and shoulders would be at a psyc level - would be at a 0.618 fib retracement level - would be at new support level as it was broken as previous resistance and now is acting as support - would also tap new up trend line
if market reaches buy zone will wait to see how candle stick closes
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50 pip stop loss for a potential 250 pip gain 1:5 RR