We see the price will retrace to 120 level before moving down to 117.50 - We sell this pair at 120 level to book profits at aforesaid level, BUT, it is also possible to grab 100+ PIPS of correction by taking long position from the closing price.
Trade active
One leg up completed - Now, it is time to go back to 117.50Note
Flat Wave Corrective Pattern - We see a fallTrade active
30M TECHNICAL ANALYSISTrade active
Next move would be 120.70
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.