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Post by iamfin921 on Jul 15, 2022 10:17:53 GMT -5
Let's use the EUR/USD chart above. Notice the price point of 1.13762. During the uptrend, this price point formed a strong resistance where price consolidation occurred. Once the price broke out of this level the uptrend continued. I would expect prices to bounce off this price point during the downtrend. So I'll place my pending order (buy) at the 1.13762 price point. But before going into the details, let's take a look at the steps to take.
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