Watch this one for a sell. The pair looks weak after the weekly session open provided a kicker, and downside has continued since. Last week, price was resisting on the Fibonacci key retracement level, and the moving averages, and since has had a LL just showing further weakness.
With a tested trading strategy profiting from this move will be easy.
Price successfully hit the target we measured on the chart. (See above for more details.). After a nice breakdown shown by the candles, there was only 1 direction that price was going. And that was down.
This was a nice quick move, and we pocketed almost 200 pips on this move. So well done to anyone who caught this old trade with me.
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