Good morning Traders! On H4 chart, the pair triggered a beautiful rally by developing a bullish impulsive structure (12345), having said that, our analysis says that the structure could be completed and therefore it should be logical that some corrective structure appears (ABC, for example) in the short term. With this in mind, it might be interesting to try to take a short position as shown on the chart. Before taking a position, calculate the size correctly.
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Trade with care!!
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The pair has not reached the setup area, but the analysis seems to be correct, even the next target is possible…