Trading Blueprint: Be patient with this trade, the current pattern does not indicate a sell-off at the Asian open therefore one last push higher needs to take place which should bring the pair to the 50% retracement level residing in the 110.30′s. Stop loss at 111.20. Take profits between 108.90 – 109.10.
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As of 10:40pm est the short trade has been entered, the BUY orders have been adjusted to the following levels. 109.12, 109.22, 109.32, and 109.42.
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