1. The price is below Trend Magic Indicator. 2. US Dollar Index DXY yesterday broke the level and the uptrend continues. 3. RSI indicates more downtrend power. 4. Retail trader data shows 60% of traders are net-long. Strong contrarian short signal.
SL - above the Trend Magic Indicator line TP1 - on the 200-SMA TP2 - 1.2320
Keep It Simple and Always Trade With the Trend!
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