Breakout run from EUR open, followed by stop run through 1.1442.
On the 5m chart, 3 pushes shows slowing momentum.
On the 15m chart, doji reversal followed by bearish price action (solid red down). Perfect opportunity to enter when it pulled back to 1.1472.
On the 1h chart, reversal swung to fib618, where another 5m and 15m reversal appeared.
Another reversal surely confused the bulls and paid 1:4
On the 5m chart, 3 pushes shows slowing momentum.
On the 15m chart, doji reversal followed by bearish price action (solid red down). Perfect opportunity to enter when it pulled back to 1.1472.
On the 1h chart, reversal swung to fib618, where another 5m and 15m reversal appeared.
Another reversal surely confused the bulls and paid 1:4
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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.