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Bearish Engulfing on Daily, Followed by a Hammer indicating a Bearish swing down to the trendline.
Also expecting another breakout of this trendline if the price does go my way, which would be to 1.1850.
Pair closed about major level 147.50 and retested area and formed new highs.
Has retested the trendline(BLUE) which is also a major level and is headed to close above 147.50 on the daily and the 4 hour.
Monthly key level, uptrend line and 61.8 fib confluence.
With the MA crossover we should see the pair start a bullish move to 156.50 to test for new highs. ...
Daily uptrendline broker. As long as its respected, we will be short.
Tweezer top potentially forming on daily
Wait for daily close.
Wait for clear breakout .
Wait for clear breakout on the 4 Hour.
Trade length from neckline to head.
Short term bearish move with good risk reward.
Head and shoulders reversal pattern.