Hello Price Action Traders.
The forex pair broke up, as mentioned in previous posts, the key resistance area at 1.6250. The market today shows a clear sign of momentary strength’s exhaustion because price formed a Pin Day that is indicating a probable future pullback. I’m not a “counter trend trader” so I just keep monitored the pair to seek LONG opportunities to return to 1.6200/ 1.6250 where the price could react and then try to trade this market on the continuation of the trend.
It’s all for today
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