Bearish Engulfing on Daily, Followed by a Hammer indicating a Bearish swing down to the trendline.
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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....
4:1 risk reward ratio.
Will be selling to the bottom of the wedge structure.
Ascending triangle.
Fibonacci Pullback.
TP - 1 At 150.
TP2 - for 500 pips.
