I would take this trade long on dips 1.084xx-1.086xx , since i have a bullish crossover and with ECB tonight, we might have enough catalyst to give a run to 1.09666. On the contrary, if i see my ascending channel break on a 4 hr basis, i would open a hedge short instead of closing my longs
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70% profit locked, now taking hedge sell
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Hedge Shorts in place with 1.089XX on sight to be retested next week
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We are in a wait and watch zone, if we look at this using simple
RSI
RSI
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Looking at it from ichimoku perspective suggest 1.08600 is the protection area from bulls at start of the week
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