Considering price action in the past like this. It should already go up. And now it went back halfway the gap at the moment. I will just sit back and wait how this price action will develop.
When I look at price action this morning it is in range just below 1.2300 I get this feeling it's straight going down instead of retracement to possible area of 1.242 - 1.245 Could anyone confirm this, please?
Wait a little longer
Why would you buy at 1.2380? On which ground? If I were you I would wait a little longer to be sure or you could end up caught and burned.
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