Relatively short idea combining both fundamental and technical analysis that shows a double top having formed on the pair indicating a further drop than we've seen these past few days.
The conservative target is a very strong area that once showed some consolidation. If it breaks this area, expect a further drop to the aggressive target that showed very strong resistance in the past. Albeit a riskier target, the latter is very promising if S&R levels are to be trusted.
I closed this trade once it hit the conservative target the first time, but I'm still monitoring it in the event it shows a potential plunge to the aggressive target.
Stay tuned!
أغلقت الصفقة: تم الوصول للهدف
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The idea has panned out perfectly with a gain of 476 pips. Well done to everyone who took this trade!