We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline supports our directional basis.
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Trade has reached the 50% of the move. We expect a pull back before the continuation to the downside.
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Trade is approaching 80% of the move. The USA market open is approaching so anything can still happen hence its important to stick to your risk management rules.