We just saw a large move upward towards strong resistance. Price quickly tumbled as expected when testing resistance. The last candlestick is a small rejection candle, made during London and New York sessions which signals a possible retracement to restest resistance.
There is still some uncertainty with this setup which is why is is low risk. The SL is only 28 PIPS below the entry while TP has another 118 PIPS to go.
There is still some uncertainty with this setup which is why is is low risk. The SL is only 28 PIPS below the entry while TP has another 118 PIPS to go.