Looks like my initial analysis was incorrect, price broke through resistance and is now becoming support Will be looking for buys at this level
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It appears my initial analysis of the sell was correct, the market has been moving so erratic that it threw me off.. plan to be back on my A game tomorrow
Now it's probably the best time jump in and buy GBP, ease of lockdown news + testing strong support at 1.242 and rejected the price heavily on 4h candle. But I may be wrong I already entered the trade at long and currently draining pips, seems promising to jump back up, we will see. MY SL is 1.241 and TP 1.25 again to retest.
FXKing009
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@Matl101, I had a look and i think my initial analysis was correct, its still a downtrend. If you take a look at the 4h and daily charts its very bearish, I believe there was a minor pull back and now it will sink again