Looks like we have a reversal which is in line with my wave count. (Please see my related idea video from last weekend if you haven't)
Look for a 5 Wave move back up to the 1.25557 area.
According to this wave structure this move will not exceed this high but will serve as resistance and a good place to put a stop for when we short this thing.
Do no short this until 5 waves is fully complete I will post more updates as this progresses.
Trade closed manually
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Closing this trade off because the wave structure indicates Wave 4 price action still unfolding and should head lower for wave 5 before a reversal.