This pair has been trending down since mid March.
Chart below
Price has formed a triple top formation at 82.50 area.
Price has broken down through the averages and is looking like it will test support at 80.15.
I am looking to enter short on a pull back to the averages later this afternoon or tomorrow morning.
Levels and Chart below.
Entry: 81.80
Stop: 82.10
Target: 80.30 (5%)
I will update once the trade has been triggered.
Regards
Scott
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