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profit29019
May 7, 2023 5:22 PM
engulf in monthly time frame
Short
FX:GBPUSD
1D
British Pound/U.S. Dollar
FXCM
Description
⋅
May 7, 2023 5:22 PM
Because the support level has been penetrated in the monthly time frame, it shows the general selling trend. In order to signal a buying trend, market makers need to fake break an important resistance level and fill their sell orders.
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