Major decision time for EU right now. Current trend is at 100% retrace. We just broke out of our triangle pattern and could possibly be seeing a retest to the outside trend line there. Market will either break or bounce i this price area. I personally see more bears in the market. I fell like price will break back into triangle and we could see market back into 1.16- area by EOW. Stay tuned and watch for your engulfing candle on the LT's for trend continuation.
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With the two very large wicks on top (tweezers) AND a nice big Bearish Engulfing on the H1 chart we should see much more bears in the market now to help us push down.
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Price break of our blue trend line will give ultimate confirmation in our reversal/ trend continuation.
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Bomb time
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3 days into our trade, up 120 pips, trend in continuing and as long as we see bearish signals all through this push will be exiting this triangle and continue to push downward.
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