The initial reaction on LON open was a strong bearish push and I do expect price to retrace to either :
- Retest the trend line or - Retest Level 0.72500
Extra Confirmations: Bearish Candlestick rejection/Structure/MA Crossover/MA Retest The target would be the previous low (Order Block + Level 0.72000 and Liquidity zone) & Possibly Lower
Suggested to wait a little longer before entering any positions as Session open may bring in a higher level of volatility and liquidity grabs. Happy Trading!
Not
Also look on the strength of the USD using the DXY
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