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Prices impulse wave has created a descending wedge pattern. We are looking for a correction or a retest of the previous high for the Peak formation of the correction on the Day chart.
Price has completed 3/4 of the ratios of the Bullish Bat Pattern. A sell is in order to the .886 to officially complete the pattern and we will take a long entry from that point up to the .382 of the CD leg because we are in an overall downtrend, im not looking for major pips in a correction.
As history is said to repeat itself, we should be seeing a huge drop in the E/S currency trade. I would set my stop loss just at the previous structure resistance and see what happens.