well, this is what i think, please correct me if i got it all wrong..
i've a small cirlce part which confirms that it is a resistance, down to 1.09 something. which also serves as your tp, since you got a long position.
And then there's the big circle, consolidating, and 1.0785, is a resistance line, please check with 4H chart, it is a support line turned resistance.. and it stayed as a resistance for a bit of time.
also, with the way FOMC tonight, i think it will correct up to that point, then resumes it's downtrend, unless, the feds raise their rates.
what do you think?
I thought you don't trade cn anymore? lol
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