4.0 Psych level
We are at a very important level for bears. This pair visited this level back in January 2017 and again towards the end of 2017 in November. Now we're back at this level and Bears could be thinking lets give it a 3rd shot to take this down.
On the H1 the pair has made a lower low and now a bear would be waiting for a pull back into the role reversal and sell the lower high
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About The Forex Analyst
Graduate in Bcom Human Resources Management. I am a full time Currency Trader and Market Analyst using technical and fundamental analysis, I have been trading in the Forex market since 2016. I am also a part time student at the University of Johannesburg studying Finance and Investment Management. I am always looking to learn and improve my skills as a professional, consistent and successful Trader & Investor for above average returns and a better understanding of the financial industry and financial markets.