Check out this week's Trading Support and Resistance: Forex Trading Forecast Profit
I had expected the level at, as it had acted previously as both support and resistance. Note how these “role reversal” levels can work well. The H1 price chart below shows how
the price decisively rejected this level right at the end of last Wednesday’s New York session with a bearish inside candlestick,profitablebased upon the size of the entry candlestick.
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