As per the 4H graph, you can see the following:
- There was a breakout of the descending trendline/wedge and an impulse to the upside.
- The pair should retest and reject the aforementioned descending trendline.
- If this occurs, the pair should impulse to the target as stated in the graph and the stop loss should be put below the area of support.
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- There was a breakout of the descending trendline/wedge and an impulse to the upside.
- The pair should retest and reject the aforementioned descending trendline.
- If this occurs, the pair should impulse to the target as stated in the graph and the stop loss should be put below the area of support.
Please like, comment or follow if you enjoyed my analysis.