After breaking the bullish trend
, I called a short on this pair, however, the currency pair shot up stopping me out. Currently, the pair has formed a double top
and it looks like a bearish trend
is being made due the formation of the most recent trendline
. If the currency pair moves down, I will target 150 pips where we have our 61.8 fib level,. Will be risking 50 pips.