If we zoom in on the top of the trend, we are going to notice that the volume traded decreases as it goes higher (In fact, bearish candles have more volume). We see a bearish engulfing candle right in the top of the trend which is a very strong reversal pattern. Price already reached the weekly trend-line (green) and it couldn't stay longer than 3 hours to consolidate above 0.6900. In fact, in 10 pips are not enough room to consolidate over there so there is a chance for a higher retest That's why I am considering a large SL. Finally, we are going to place our TP at the 0.382 which matches our weekly support.
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Trade closed: target reached
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Take your profits and wait for the bounce to go short again. Good luck with your next trades.