Late in London session during NY. This window may show pa weakness 0874ish. Since pa bounced from 0805/11. It can take out or test 0893/0905/18/37/76.
But the last leg at about 280 pips was met in a like size at 0889. The down leg like size can be 380 pips. Earlier today was the third time here since April. It either going up to break that leg size. Or it should fall. St it most often would reach 0874. The st R is near 0880. Risk wise to reward could be minimal. Reaching 0874 does not mean it will fall. But that will never be known until it has already happened or not. The past 3 times here may be the upper range.
Most times it will try to reach 0874. If, or when it does. It may show or not signs of weakness. A more bold s/l may be 0876+
But the last leg at about 280 pips was met in a like size at 0889. The down leg like size can be 380 pips. Earlier today was the third time here since April. It either going up to break that leg size. Or it should fall. St it most often would reach 0874. The st R is near 0880. Risk wise to reward could be minimal. Reaching 0874 does not mean it will fall. But that will never be known until it has already happened or not. The past 3 times here may be the upper range.
Most times it will try to reach 0874. If, or when it does. It may show or not signs of weakness. A more bold s/l may be 0876+
those who can, do. those who cant, talk about those who can
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