Still 200 pip downside with this scenario. Momentum seems to be drying up to the downside on the daily chart though... Hmm... I'll have to look at technical indicators.
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ForceFollower
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The current bottom looks feeble and unconvincing on this chart. I don't think it's done yet, not until it makes a new low, flushing all the stops below the current swing low and returning promptly up.