I had drawn our attention to the Counter Trend Pin bar trade Setup on this pair, in my Trade Commentary of the 15th. I had adviced against going short, recommending for a few more days wait to authenticate the Setup. The authentication now seem complete, as we have had 4 candles failing to close above the 1.4500 psychological level, coupled with a breakout in the lower time frames. The trade room is now short on this pair and expectations are for price to reach the demand zone.
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