All the signs are there for a nice trade down. Break out, retest, lower high and short time frame trend line resistance. I will be entering now with my stops in place. This trade directly correlates with my DXY analysis and I see a new burst of strength for the greenback.
Note
We have reached 20 pips so far. Saw a break and retest of the 15 min trendline where I added another entry. I am expecting some support at 1.10632. If we can break and close below that, we can look at taking profits at the intended final TP of 1.09964.
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