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Let's start off with a weekly chart
Since the September last year pair has formed an uptrend channel. Recently bounced off of the resistance near 1.40 level. Currently trades within the last weeks range. Through the candle combining we can see that last 4 candles create a bearish pin bar signaling sharp shift in sentiment. Now the first thing to look for will be the breakout below the low of the last week. Too see a better picture look at the daily chart
Here I would suggest two entry scenarios.…
Since the September last year pair has formed an uptrend channel. Recently bounced off of the resistance near 1.40 level. Currently trades within the last weeks range. Through the candle combining we can see that last 4 candles create a bearish pin bar signaling sharp shift in sentiment. Now the first thing to look for will be the breakout below the low of the last week. Too see a better picture look at the daily chart
Here I would suggest two entry scenarios.…