Price Re-tests Price Flip Level

In this week's trade ideas we looked at this pair and the huge sell off on the intraday charts. We also looked at the high probability resistance area to look for short trades.

After rotating back higher into this level, price found resistance and continued with the trend for the next solid leg lower.

If price can now rotate higher back into the intraday resistance around 1.2887, we can look for a similar pattern to repeat on the smaller time frames.



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