as the market failed to break above 1.2820 that was mentioned in the previous post that is holding a good amount of a resistance, along with the shooting star around this area, the decline was expected at that point. and we took short entry after the close below the lowest low of that shooting star, targetting 1.2670 handles which is our previous minor support.
meanwhile, the pair is currently in a sideways motion between 1.2820 and 1.2670. a break outside this range may grow the appetite of either sellers or buyers.
for now will be looking for an exhaustion candles around those levels for lower risk entries.
meanwhile, the pair is currently in a sideways motion between 1.2820 and 1.2670. a break outside this range may grow the appetite of either sellers or buyers.
for now will be looking for an exhaustion candles around those levels for lower risk entries.