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There is a great weekend setup on the Eur/Usd. We have some resistance on the hourly chart at 1.2800 and a triangle is forming. If the price goes up to resistance and bounces lower look to enter short. Wait for a clear entry signal which would be a bearish engulfing candle off of the bounce off resistance.
Another thing to look for is a break of the upward trendline on the hourly chart. The short term trend will continue to be up until that downward line is broken.
Look at the chart for more information.
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