Obviously, we have power on both sides of this range. When it just looks like it is about to breach, a strong candle appears to smack it back down. This movement started slowly with sharp retracement ( as you can see from the circles ) The recent move looks smooth but it got crushed by 3 candles exactly on the same way (from the top of the range) at almost 100% to the recent S/R. Judging from the wicks in this zone we can expect some kind of a rally towards the top again and if this rally fails this could be our opportunity for a sell towards the botm with decent risk reward ratio. However, we will have to keep an eye on this current area ( once we short this ) towards our way down.
I will update for potential entries.
This is an opportunity for the next week ( 04.12 - 08.12 )
Good luck!
Trade ist aktiv
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SL - 134.20 TP - 132.20 Watch 133.20 as well
Kommentar
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I am going for 132.45 main target since I want to participate into 2 other EUR pairs that are setting up for a buy.