Hope you guys manage to catch this pair in my previous post. If you did not, fret not. We shall look at a potential re-entry to short this pair. I have closed this pair with a 160 pips profit, looking to short at a higher price.
Looking at 0.98007, it appears to be a good level for price to retrace to.
The zone of 98007 and 0.98112 is a confluence zone where price may potentially turn. Always confirm with a bearish candlestick pattern.
This appears to be a strong support in the past. Now it acts as a strong resistance. Trade with caution. But definitely, this would be a low risk high probability setup. Keep the pips coming!
Took this trade @ 0.97772 with SL @ 0.9828
Will update with the results of this trade