Tendency: Downtrend ( )
Structure: Retracement | Trendline | Breakdown
Observation: i. The fall of price that began mid-July appears to continue its second phase of decline after completing a correction into 61.8 retracements of impulse leg.
ii. Breakdown of my Key level @ 0.68300 is enough signal for me to consider bias this coming week.
Trading plan: SELL confirmation with a minimum potential profit of 120 pips.
Potential Duration: 3 to 10 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
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Past performance is not necessarily indicative of future results.