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EURUSD - Rejected Off Descending Resistance

Taking a look at the daily timeframe, price action did in fact arrive as previous explained but now we look for a possible correct with this pair.

See previous analysis below.

On screen you can see that I'm first waiting for a bullish pullback from yesterday's rejection candle to then enter some shorts to the downside.

This setup is only a 1:1.39 risk to reward but has great chances of becoming a winner.

Trade Safe

Michael_Harding

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Michael_Harding

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