Nice head and shoulder pattern forming, H4 bearish engulfing in place at time of writing indicating acceleration in bearish momentum. This is a countertrend trade aiming for for a retest of previous structure at 53.50.
Note
+50 pips, stop loss moved to break even
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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.