Bounce off resistance & trendline
Updated
RSI oversold. Price revisted the 1.283 zone following NFP and is being rejected strongly.
Trade closed: target reached
Price reached the target TP zone. Price currently barely reached the exact TP as indicated on the chart. Locking in profits @ 1.2715. Reason being the move occurred an hour before London open, when prices may reverse- I call this phenomenon the London Fade.Comment
As expected, price reversed at London openRelated publications
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