Since my ascending triangle formation has violated its characteristics it is no longer valid. I took this opportunity to revisit this pair and start again. I still believe price is operating from the Double Bottom Formation so I'm still looking for price to go up. Here we have 4 touches on our Trendline & A Expanding Flat Formation (highlighted in blue letters). I have entered a position after the 4hr close but im still looking for a retrace for a better position.
Trade closed: stop reached
So price retraced and hit my buy limit but we have also have hit the first stop loss. Currently price is at my 0.91% fib level meaning that I have had to re-do my analysis and change my target level. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.