Well, you tried in your analysis. Nevertheless, I found something wrong with your analysis. The last swing high where the market is expected to break before a bullish trend can begin is N760. If it breaks the N753 as you said, remember that N760 is up there and may cause a rejection especially as you have seen that the Naira is on a downtrend against the USDT. This can be a little tricky to a newbie like me and can cause him to loose the trade. We must always remember that the last swing high or swing low especially when it has experienced rejections in the past is an indication of where the market might move to from where it sits at anytime. Cheers sir, you did nicely. I am just a newbie learning from you and this is my candid observation.
PetrockFxTrading
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@quickinfo2emma, Thanks for your opinion. I understand your observation. But I used the combination of SMC & retail strategy. Price does not necessarily need to reject the previous swing high before we expect a dump. There are other valid reference point before it.