On the daily chart price reached up Bollinger Band . Probably we'll see a correction to 1.1200 or 1.1150. MACD and DMI confirm up movement but we can try to open short trades based on hourly charts. On 4H chart MACD and RSI formed bearish divergence and we have an entry level below 1.1304. DMI allows open short trades. Stop should be placed above the swing high and profit target is MA50.
Trade closed: target reached
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