Prices has come to the illusive 0.9000 region, multiple rejection wicks on the 4hr and daily. Market made a drive to 0.90 and rejected, we are looking for a daily close to confirm a false break and the potential to reverse to the downside.
This is going to be a long (How ironic) one, prepare your swaps and commission.
Remember your risk management... aaaannnndddd... Pippin' ain't easy.
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False break to the upside as noted by the 30min shooting star, and 15min bearish engulfing. Lets see if the hr and 4hr confirm.
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0.9000 Held with a daily close below. Market looks to be forming an M structure, turning to the downside, with the 4hr looking like a tight H&S
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Patiently sat through the false break. Still in the trade after a break below 0.9. Waiting for close on the week to confirm my bias. However still bearish on this one