I was checking this pair after I opened long position. Monday opening was interesting(GAP). I'm aware that correlation with EURUSD had big role here. Honestly I was expecting that the pair will go down to test GAP and will go straight to reach my TP. Between 7530 and 7555 there are combined two GAPS as well which should hold losses plus 7500 as the strong psychological number.
Based on the price action from the last week I'm much more in favour of short position with TP around 7173. This pair broke series of strong support/resistance areas with ease.
Based on the price action from the last week I'm much more in favour of short position with TP around 7173. This pair broke series of strong support/resistance areas with ease.
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