Hi all,
It is just my idea but I see standard Youtube pattern. I call it like that because it is similar with most examples shared by Forex Guru in Youtube.
a. Doji
b. Rejection at trendline.
c. Trendline has been retested previously.
d. Target is where most of the volume being traded.
e. Reasonable R/R
f. Head of RSI is facing down (but still above 50).
However, everybody must see similar pattern and what if suddenly someone sitting on the big chair decide to trap the bears (as they say 90% of trader losing their money). C'est La Vie.
Anyway, thank you Gurus.
Cheers,
Khres
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