Yesterday the low of the day touched the bottom of the rising daily chart channel, then as soon as europe opened they pushed price back toward the TL and reversed in false move kind of way. A little early 7:10 for my liking, but due to the proximity of the TL and the tight stop available, playing the buy dips, while above todays low (1.5151).
Possibly the move from todays low until 9 am ish could provide the real false move which would be more in line with the recent down trend, and consolidation around the 1.5150 level.
Plenty of event risk today, need to watch for developments in risk on risk off scenario.
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