Nice setup to going short on this pair. Bearish divergence on RSI 4H close to daily resistance. Wait for the price to break down the bullish trend line and the horizontal support, marked with a blue dotted line on the chart.
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The price is approaching the D point of a bearish Bat that is forming on the 4-hour chart. We are going to wait for the price to go through the Sell Area and, for extra security, we will go short the moment a 4Hour candle closes below the area.
The Stop Loss and Take Profits are placed near the points indicated on the chart. I suggest to take 50-60% of profits in...