Previous Trendlines have been broken and now provide extra support for a floor. I believe the new breaks combined with the previous resistance levels will be the support for the bounce. There is a 50-80 pip short that should be happening before we upside more. If the bulls are really in charge we wont even have the downside retrace and we'll go straight up, but I'm planning to try and capitalize on the short with a tight stop loss then as we approach the support areas of the broken trend line I'll be looking to go long.
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