possible downtrend
expectation of the pair to continue the downtrend to form the next lower low on the daily time frame at around 119 region. price has retraced to a possible point of the lower high. waiting for the H4 time frame to change into a downtrend if the HL is broken retest and confirmed to begin the downtrend. the setup will remain valid as long as price is below 123.15 region
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