I enjoy trading double tops and bottoms as weekly reversals around major levels so this one is no exception. The has a on what looks to be the second shoulder of the m-formation.
The stop loss on this setup will be a mere 20 pips so I am happy to risk the 20 and get in to target a 100 pip reward.
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
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