Bearish Bat
Following London session where we see the Euro Dollar reach new highs, it struggles to break structure and put in a new HOD. We see the currency act opposite of London session as U.S. Session is coming to an end and Sydney is beginning. We look for the currency to rally up into the 88.6 pullback area of the initial anchor leg as we capitalize on our Long positions at C going into D to capitalize on another 50 or so pips as we follow the return downwards.
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