Breakout of the trend

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clear break out of trend but can now retrace slightly to the blue line below and then into a bigger move upwards. It can also move down and bounce of the 0.618 fibbo which can also be a buy oppertunity.

any comments or corrections would be appreciated.

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you can also take a short on the 4hr for around 90 pips if the next few bars close bellow the support at 113.229 area

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then if this bounces off the support line and turns bullish take the long for new highs taking profit in zones

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check attached related idea