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Eur/usd
Today was a great day for trading the breakout and buying it back off support at the bottom of newly forming 4hr trend channel. If it breaks up above 1.4150 I would start looking for a place to get short on a retest of the the highs or at one of the fibo retracement levels on the attached chart. If I were to get long I would prefer waiting for price to return back to the 1.4050 area as most breakouts are false breakouts. At least on the first attempts. Look for a pullback to buy into if you see a place to get long. From a long term trading perspective, I'm still bearish and will look to short rallies. Expect a lot of volatility and two way trading opportunities until we get a break lower. Remember that it's Friday so don't over extend yourself. Trade light so you can relax over the weekend. There will always be another trade. Just have a little patience.
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