We have found ourselves at this chart again looking at this 4hr resistance zone and seeing bearish activity near it again. The previous oppertunity on this pair was unsuccessfull as the price pushed back one more time to break the resistance taking out our first stop loss.
However, now it has presented an even better signal to take a short and look for a move back down to the range support. If this trade works its could bring a healthy 7.5-8% profit however, if you choose to stick to a disciplined R:R target, you could do so. Good luck on the charts.
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