Hi Traders,
We here have a big Ranging Market on the 4H Chart.
The market is moving between the support at 0.98500 and the resistance at 1.00000.
In the last late hours of friday the market did a rally straight to the resistance.
Then it closed with a bearish candle.
These are good factors of having a strong pullback, because the market has no more power to break the resistance.
We recommend to sell the pullback with a risk-to-reward of 1 to 2.5 and a partial exit at the trendline!
Thanks and good luck :)!
We here have a big Ranging Market on the 4H Chart.
The market is moving between the support at 0.98500 and the resistance at 1.00000.
In the last late hours of friday the market did a rally straight to the resistance.
Then it closed with a bearish candle.
These are good factors of having a strong pullback, because the market has no more power to break the resistance.
We recommend to sell the pullback with a risk-to-reward of 1 to 2.5 and a partial exit at the trendline!
Thanks and good luck :)!