H4 Support looks to hold strong and we will see a bullish reversal up (@0.77300-0.77700). If not we will see a rejection off of the bottom trend line on this bearish channel. The idea is that the pullback will not be strong enough to break the 0.78000. The short can reach a total of 400 pips (@0.73500). This is a bearish correction for the U.S Dollar that will strengthen all XXXUSD cross pairs...temporarily.
Please use this mark up for education/reference, always do your own due dilegence before entering the markets! Cheers to a great trading week my friends.
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300 pips of profit to date on this trade. Proof is in the pudding.