Following the previous CPI report released yesterday and PPI today, the USD seems beaten out however we see the price of this pair at a very strong supply structure region presenting shorting opportunities, we have identified a bearish Harmonic Butterfly pattern hence waiting for a huge drop as price corrects to the 38.2 Fib relracement level, we also have an extremely overbought RSI reading (technically bleeding out). Dont forget your jumpsuit as you dive, we need you alive!!
Trade active:
First Take Profit target hit.
Trade closed: target reached:
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Trade closed: target reached:
2nd and 3rd Take Profit targets hit.
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