It seems to me that pair found very strong support around 0.00012000 level. There is a visible GAP on daily chart which is respected very nicely on 4H chart.I would buy pair at this level with SL below mentioned support and TP around last highs.I would expect the pair to consolidate for some time around 200 ema, then eventually ema should hold the price and give it nice boost.
I think that it is quite possible that price will go down further which will make better opportunity to open long position with much better risk/reward ratio.
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