Possible bearish pennant formation on this pair. Note possible trend line confluence as well as 61.8% fib level target. Initial bearish outbreak gave us approximately 200 pips. Breakout to target would mirror another 200'is pips. I do believe long term we will see higher prices, but for short term we have to take what the market gives us. This trade idea is for demonstration and educational purposes. Trade at your own risk. THIS IS NOT A SIGNAL
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Trade at your own risk. Be sure to follow this idea by clicking the flag on the lower right corner of this idea. Also in your notifications please turn them on to follow the ideas of your followers (me).
Please like/comment/follow me here, on Instagram and Facebook (links all below)
Happy Trading!
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