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We can see a solid bearish flag on our 4H Time frame and a 3 touch confirmation on our Resistance trendline on our higher time frames, with a nice rebound off our 61.8 Fib level and a closing below our 50.0 Fib level on this pair. I will preferably enter at current market price targeting zones around 153
According to our technical outlook, we're pretty much setup for downward movement on this pair, very unlikely to have a breakout to the upside. Use good risk management, this is a good trade to ride on
From a technical point of view, I'm looking for short term upside movement to take advantage of. What I see is an almost completed flag formation in the 15 minute timeframe. Use proper risk management.
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