H1 chart: Price has broken out of the purple descending trendline cleanly. I expect a corrective structure before the next move up to around 1.72704 which is the 23.6% of the previous impulse move as well as the resistance of the blue rising trendline. From there, we might see rejection and price heading downwards.
H4 chart: Price has broke out of 4 month rising channel to the downside. Price might head up to 1.72704 for a re-test (based on H1) before heading down to the previous swing low (which is also an area of strong support). Time will tell..
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Price has re-tested trendline. You can short on any opportunity this pair present if it meets your rules
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200 pips if you traded this pair to the upside. Now, price might reverse and head downwards.