This pair has been in a down trend. Price has retraced to the 61.8% Fibonacci level.
Chart below
Price has formed a Double top pattern and this morning has broken down through the averages.
I am looking to enter short.
Chart below.
If price pulls back and the stochastic is in an overbought area, my orders will be as detailed below.
Levels and Chart below
1st Entry: 81.20
2nd Entry: 81.35
Averaged entry: 81.27
Stop Loss: 81.60
Target: 79.65 (5% and previous low)
Hope you are all well.
Regards
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