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Weekly Timeframe is going to form a Double Top formation
Price expected to fall from 1.43150 (around that area) - at the moment, it will continue to rise because it has bounced off trendline
300+ pips is the reward if it touches trendline
Reward 1:7 in the long run
Weekly timeframe shows a Double Top formation and has already made the sell from the high @ 1.79929
Daily timeframe is now forming a Head and Shoulders which is also the retracement of the Weekly sell
Price is expected to sell @ 1.78400
Take Profit 1 is expected to hit 1.75940
Take Profit 2 is expected to hit 1.73900
The weekly timeframe is about to form a 'Double Top' formation
Price is expected to sell at previous resistance according to its past in May 2017
Although it looks like an uptrend, price is expected to fall and hit trendline target and then retrace back.
All annotations are in the graph.
I look for optimum entry positions to get the maximum amount of pips.