Quite simple trades this. After a tremendous rally in recent week this pair has reached to a level which historically acted as a support and resistance in the past on a number of occasion. While RSI also being oversold and we have a nice bearing engulfing candle from the top which signals a reversal. I have gone short on this and marked the tp and sl as well.
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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.