Analysis: • The chart shows bearish momentum with lower highs and lower lows, suggesting a continuation of the downtrend. • Key resistance is at 1.2800, making 1.2700 a solid entry point for a short position. • The target zones align with support levels, while the stop loss above resistance minimizes risk.
Trade Tip: • Partial profits can be taken at TP1. Adjust your stop loss to breakeven for a risk-free trade toward TP2. • Monitor volume and price action closely near 1.2600 for possible reversals.
Ensure proper risk management before entering the trade!
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