we got one more chance to short gj before the head and shoulders breaks out. we happened to get a bat pattern that reacted at 162.500. we want to watch closely that same 162.500 and 163.000 to see how markets react for a double tops formation or some sort of trend reversal pattern.. if we get some bears kicking in then short the pair for a tight sl and 300 pips til the 38.2 target. at the target i would like to see some bullish momentum to officially go long. on this pair for the head and shoulders breakout.
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now active. with the rejection on the 1hr. sl at high