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After yesterdays surprising inflation data, we saw all markets fluctuate heavily on market volatility. The GBP in particular saw a fast rise amongst various pairs, which followed with losses as the market settled. This gave us Entry targets for new trades.
As you can see on the chart, we have seen previous Rejection at the identified levels. This is because price has reached these levels and sellers have moved in. Because markets have memory, these levels become notable.
They are often at highs because price becomes exhausted. You can look to get short at these levels.
Exit at comfortable support, around the eclipse symbol area.
After yesterdays surprising inflation data, we saw all markets fluctuate heavily on market volatility. The GBP in particular saw a fast rise amongst various pairs, which followed with losses as the market settled. This gave us Entry targets for new trades.
As you can see on the chart, we have seen previous Rejection at the identified levels. This is because price has reached these levels and sellers have moved in. Because markets have memory, these levels become notable.
They are often at highs because price becomes exhausted. You can look to get short at these levels.
Exit at comfortable support, around the eclipse symbol area.
Comment:
Start to get short.
Comment:
Exit for gains.
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Free Discord Secret Server:
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Daily Mentoring On Zoom:
bit.ly/prottm
Posts Not financial advice.