Potential short-term downside movement on this pair. I would wait for a clean break downwards of ascending trendline before looking for opportunities to short this pair.
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White TP line is derived from H4 chart where it's the 50% of recent impulse move up
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Up or down, the next few hours candle will tell. Price is at the top of the descending wedge, could break upwards or downwards below brown trendline
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Break towards the upside and re-test has occurred. You should have long this pair on the re-test. I did not, currently will be looking for potential opportunities to long if anything presents.
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Current view with 2 TP levels for a long trade:
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40 pips so far
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First target achieved. 70 pips
