This pair seems to have completed wave 1 (contains 5 mini waves) so this coud be the start of a corrective wave 2 to the downside. We will get concrete confirmation from today's daily candle after the market closes for the day.
Trade closed: target reached
First TP reached. The market is bouncing on the trendline so we should keep an eye for a move to the upside.
Will update the chart analysis in the following post.
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