Bias on EJ
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On the daily, we can see a good resistance forming at 138.00, right on the bodies. We will be looking for shorts if we have some wicks thrown at that level followed by a strong bearish momentum. We could potentially sell to 135.00. 200 pip plus.
However, if there's a break above, depending on the momentum, the story will be different. we could then be looking for longs. but for this trade, Im shorts biased
However, if there's a break above, depending on the momentum, the story will be different. we could then be looking for longs. but for this trade, Im shorts biased
Note
let me know what you think
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