Hello again,
Its 8:25pm GMT+1 my trading desk and i have been able to spot lower high on EUR/USD after a trendline break with a close below the 50sma.
With the ADX market strength rising above the 25 level. I recommend a SHORT from the low 1.4955 targeting the fibonacci point at 1.4923, 1.4900.
CAUTION: A four hour trendline is a major problem will be better to lock profit to break even on the first 15-20pips profit. A break of 1.4999 may lead to a bullish run nullifying the brearish outlook.
Regards.
James
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