In the course of the last week, EUR brokeout below a 4 hour support line 1.1526 but failed to retraced perfectly to this line. While the price is below this 4 hour support line, I expect a surge to the lowerside. However instead of looking for a short position now, I choose to remain flat and wait for a perfect retracement to this level to short EUR at the lowest risk possible. The idea here is to pace a pending sell limit order at 1.1526. As it is on the chart above, a low risk sell looks more ideal and can be advised
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