This pair is in a longer term down trend.
Chart below:
Price has recently pulled back allowing short entries to be considered.
This morning price has broken down through the averages and I am looking to enter short on a pull back as detailed below.
Levels and Chart below.
1st Entry: 1.5240
2nd Entry: 1.5255
Averaged Entry: 1.5247
Stop Loss: 1.5285
Target: 1.5055
I will update again should the trade be triggered.
Regards
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