Short scenario
I would not rule out a pop back up until it reaches 1.475 where there is a 50 MA on the daily.
We could have a tap under this MA.
This could be a great reaction point for those trading short term and looking for a short reaction.
Sometimes we only see a 20-30 pips reaction then continuation the next day.
However some folks can be happy with 30 pips, especially if they trade big.
We could have a tap under this MA.
This could be a great reaction point for those trading short term and looking for a short reaction.
Sometimes we only see a 20-30 pips reaction then continuation the next day.
However some folks can be happy with 30 pips, especially if they trade big.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.