long wicks indicate resistance
Back from holiday :)
Long wicks indicate the resistance, which combined with the momentum should deliver to test new mid-term lows. On higher timeframe the pair is in consolidation, so target is just 50 pips away with aggressive SL just above the wicks and downward trendline.
Long wicks indicate the resistance, which combined with the momentum should deliver to test new mid-term lows. On higher timeframe the pair is in consolidation, so target is just 50 pips away with aggressive SL just above the wicks and downward trendline.
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