Current price action retesting broken triangle support line at 1.448 - 1.453 Macro favours a short position as well, as the RBA looks increasing likely to end its easing cycle, while the ECB mulls additional stimulus in its Dec meet.
Height of triangle : Approx. 1,700 pips Trade Idea: Short : 1.45-1.453 SL : 1.463 First TP target, 1.37-1.38 (1/2 of triangle, 850pips), also the 2014/2015 lows 2nd TP target, 1.27-1.28 (Full height of triangle breakdown)
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Shifting SL to entry at 1.453
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SL tripped during the US presidential day, which turn out to be a fakeout. Position closed.