This area should hold up as resistance as it was the area right before that huge, rapid downward momentum. Overall think this pair will be a pair that will uptrend but I think with this resistance and it pulling so far away from the moving averages it needs a pullback.
Trade ist aktiv:
Risking off high of the rectangle/prev resistance
Kommentar:
Pinbar on the 4hr looking to see if that sets the top in place
Trade geschlossen: Ziel wurde erreicht:
Great trade