Render rebounded from its August low of 1.2246 up to 1.6000, was pushed back, and is now around 1.52 deciding which way to go next.
The 1.464-1.482 area stacks three things at once: the pullback level of this advance, the twin lows at 1.4765 and 1.4777 set on consecutive days, and the point the last rally started from.
Below that, breaking 1.425 would end the pattern of steadily rising lows built since August, which is exactly why the stop sits just under it.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
