My idea is that the pair will move downward, the Stochastic indicator is staying low and Fib retracement looks set to take place. Will keep this updated as it plays out, shorter time frame (5M) show's signs of further downward movement.
Trade active
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Idea remains valid for now, although a early stop may be employed to reduce losses.
Trade closed: stop reached
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Comment
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Could have looked at a re-entry at a more favourable price.
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