Quote:
Originally Posted by cadarkitek
This pair has formed a reversal candle formation at critical resistance shown on the daily chart, also its at the fib. extension 161 from the last wave up. Its possible we might see a retrace down to the up trend line. Look for short entries on smaller time frames.
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H&S formation on the 1H formed after a break and test of the broken up trend line. Entry at the right tip after the engulfing bearish formation.