CBO entry after having the break out of the daily channel we can see the retest of the 50 EMA, markets have now rejected for a second time demonstrating the current strength of the 50 EMA and the bears. With no listed fundamentals until tomorrow night on JPY or NZD we should have some steady bearish momentum and a risk on market.
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After a second rejection on the 50 EMA and clear signs of bearish strength we have moved stop to entry for a risk free trade.
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Locked in 50 pips / 1.4%.
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Target hit! 3%.