We are seeing a failed attempt at a bullish breakout over the past two weeks.
Price has broken a consolidation support zone of 1721.
We can likely see 1700/1680 next.
Price has broken a consolidation support zone of 1721.
We can likely see 1700/1680 next.
Commento:
The first TP is hit. The price action is still very bearish, we could likely see 1680 next.
Commento:
We are seeing some form of support forming around this region. We can likely see price range around this level before breaking upwards.
We will close out the short here at a +170 pips profit and wait for a long setup to show up.
We will close out the short here at a +170 pips profit and wait for a long setup to show up.
Trade chiuso: obiettivo raggiunto:
1680 has been hit. Price should find support at this level, but do not be in a hurry to buy.