Price rejected the weekly resistance at 0.8473 with a pin bar formation on the 4hr time frame and reversed momentum to bearish ,breaking past counter trend line.Anticipating a retest of the weekly resistance at 0.8473 from current price before price continues its bearish rally to the 0.8386 weekly resistance which is also the 61.8% retracement of the previous bullish rally from where long positions could be taken. If price does retrace to the weekly retrace to the 0.8386 level entry will be upon break and close of counter trend line that will be created
Trade chiuso: obiettivo raggiunto