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⋅ For full transparency, I have no interest in touching this pair right now.
Although it could sell off aggressively into the 1.05 region, it could also liquidate the 1.08 region before doing so.
Yes, you can look to sell here but I would avoid it.
I will be waiting for a sweep of these sides before I consider a trade.
Personally, I believe price will flow to the low sweep before taking out the high sweep as illustrated.
Take it easy out there team...