Price has made a double top formation showing that price doesn't like it above 1.0500
Chart below:
Price has broken down through the averages and I am looking for a short position on a pull back.
Levels and Chart below:
1st Entry: 1.0435
2nd Entry: 1.0445
Averaged entry: 1.0440
Stop loss: 1.0470
Target: 1.0290 (5%)
I will update again should the trade be triggered.
Regards
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