Selling pressure that began at close of market into afterhours built a falling wedge, hit the support and bounced from 38.2% retracement level from the low of 1.3 to previous high of 1.3266 as shown on 1h chart on right. In trading, the opportunity presents itself on the chart that gives you high probability to profit from, if you read the chart for proper technical analysis and execute. The analysis involved here includes the falling wedge pattern, positive divergence on 15m chart and the 38.2% Fib level.
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