Target 1 was hit at 0.7829. Stoploss has been set to breakeven
After the 4H triangle breakout to the downside, this breakout appeared to be a bulltrap. Now the price has just tested the broken upward channel for the first time. This test happens to line up with a test of the midline of the Bollingerband (14). Sure you can say that this is a "natural" place to continue the downtrend. However, I believe that this initial test is just a minor obstacle in a bigger correction to the upside since the RSI is not showing any bearish divergence nor any sign of sold out to quickly compared to the price movement.
After seeing a bullish RSI divergence in conjunction with a double bottom, I believe this pair is ready for a bigger correction.
It is too bad a post with 960 minutes won't work with the replay button.