Seems like the pair has reached a top at least for the short term, so we are looking to short it.
Technical Overview:
H4 – Bearish divergence
H1 – Pair has started the initial move confirmed by the H4 divergence. Now we should wait for a double wave correction and than consider a sell.
Entry:
Wait for the double wave correction up on the H1 chart before selling.
Target 1: 1.1875
Target 2: D1 20 MA
Stop Loss: 1.2010
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