Here we have a interesting conjunture, where the retrace of the last upside impulse could be interpreted as a restart of the downtrend by a good part of the traders, because of the extended previous decline, even if it ends to be just a pullback.
Our objective is the base channel in convergence with the 61.8% that will be the most common retracement if turns to be an upside impulse from the 1.2741 minimum.
The trick here is to wait to see a early candle reversal like a dark cloud cover, thats why is important to make shure the today price close below the reference in the chart.
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7pasos
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As it did not was trigged no loss therefore, lets close the signal