The market is following structure to the T here and is the perfect example of a bearish market structure. If the this continues and we see the market is moving lower we can enter the trade with a short on the 61.8% entry level as this lines up with other confluences as well!

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If the market does not respect the bearish trend and breaks out with bullish momentum wait for the retest and go long till 0.88600
Chart PatternsTechnical IndicatorsTrend Analysis

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