Not much different to our weekly overview, on the we can however add that, within the , the pair has broken the previous top whilst strongly building up divergence.
We are therefore seeking for sell setups, on the smaller timeframes, that can enable us to get into short positions with the best possible Risk to Reward ratio, and at the highest possible point.
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Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
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