Back to back high sell volume with a significant Open Interest drop, which tell us, the current upside move was mostly short covering.
I anticipate a corrective move to at least 50% retracement level of the current range. If somehow price closes above 0.96 on a 30mins tf I'd close my position.
I anticipate a corrective move to at least 50% retracement level of the current range. If somehow price closes above 0.96 on a 30mins tf I'd close my position.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.