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Jul 07
Trading with Horizontal Support/Resistance

Trading with Horizontal Support/Resistance

Trade Setup: Sell one pip below candle A.

Reason for trade:

  1. Green line is a resistance that became support
  2. Price made a weak attempt to reverse upwards prior to candle A.
  3. Candle A is a bearish outside bar, with a close near the low, indicating the strength of the bears.
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