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EURUSD – Swing Trade Idea
The market has seen a rejection from the 23% FIB REtracement and is potentially creating a head and shoulders formation.
Trade Setup: SELL – Market Execution, current price 1.1812, stop loss 1.1886 and take profit target 1.1600.
Stop loss: 74 pips
Take profit: 212 pips.
Estimated length of trade 1 week.