The pair made a near double top on the H4 chart at 1.1188. That brought the price close to the upper limit of the downtrend channel on the weekly chart once again. It gives, therefore, a safe chance to go short with SL at 1.1205.
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The price made a new high at 1.1208 but the bearish projection remains in place.
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Feeling less confident about the price action seeing this bullish move, but it might be natural as it happened before too.
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The bearish move happened, in spite of the price moving above the SL. We are 50 pips away from our TP1.
