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EUR/USD analysis | Sept 4, 2019

After closure of buy trade here, we'll look for short entry if it will be supported by bearish candle pattern on 30m or 15m time-frame.

Downward thrust with all candle closed below blue MA (moving average), suggests that price may start moving down after reaching an immediate resistance. It's called Bread n Butter Trade and if it happens (starts going down), we should target 61.8% of whole upward retracement since yesterday.



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